USAOHMaple HeightsFriend16029 Friend Ave

New

$139,400

For Sale

5 days ago

16029 Friend Ave, Maple Heights, OH

Name: 16029 Friend Ave, For Sale in Maple Heights - eXp Realty
Brand: Team Results Realty
SKU: 5241544
Price: 139400 USD

House

MLS® 5241544

3 Bed

1 Bath

950 sqft

2 Parking

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 950 sqft

Garage Yes

Taxes $2,059

Days Active 5

Lot Size 0.1359 Acres

Approx. Age 1923

Avg. Price Per Sqft $146

MLS® Number 5241544

Property Address: 16029 Friend Ave, Maple Heights, OH, 44137-2839

Average square foot calculated using Size range provided by listing agent.

Description

ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW — RENTED AND CASHFLOWING FROM DAY ONE! $1, 680/MO WITH UPSIDE. POS CLEAR! Fully rehabbed, stabilized Maple Heights rental at 16029 Friend Ave, currently rented with long term renter at $1, 680/mo through CMHA Section 8 (100% of rent paid by the government). $20, 168 PROJECTED ANUAL RENT!! CASH COW! MASSIVE DSCR RATIO! Do the math! Even at $20k/year currently, the property remains well under true market potential for this zip code (CMHA 2026 FMR for this zipcode is $2, 339/mo). Tenant is on a month to month lease giving a new owner flexibility to either retain tenant (excellent cooperative tenant) or re-rent at a higher rate either via future CMHA adjustments or by re-tenanting at updated program/market rates. Quiet Maple Heights suburbia street. Recent improvements include brand new vinyl dual-pane windows, new stainless appliances, fresh paint throughout, refinished flooring, and an updated basement, with major CapEx already handled so the focus can stay on income and strategy rather than heavy repairs. Turnkey, rent-stabilized, and low-maintenance, this asset offers high DSCR at the right price and works equally well for first-time investors or those scaling a Section 8 portfolio. LEAD BASED PAINT TESTED ! Comes with cashflowing tenancy and strong transferrable owner lease. Part of a larger stabilized Section 8 portfolio—ask about additional properties. Do not disturb tenants; 48-hour notice is typically required for showings, often after accepted offer. HOUSE IS POS VIOLATION FREE! CLEAR POS, NO POS ESCROW REQUIRED. Tenant pays ALL UTILITIES except water! Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!

MLS® Number5241544

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1923

BasementFull

DrivewayDetached, Garage

Garage Spaces

HeatForced Air, Gas

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 2, 2026List Date

$139,400List Price

Jul 22, 2024End Date

$95,000Sold Price

Sold

Jun 25, 2024List Date

$105,000List Price

Home Appraisal

This property is estimated to sell between: $134,000 and $142,000.

Similar properties in this area sold on average for: $134,566

Expected to sell in 28 days. Similar properties sold in 33 days. This home has been on eXp Realty for 5 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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