5550 Grasmere Ave, Maple Heights, OH

Name: 5550 Grasmere Ave, For Sale in Maple Heights - eXp Realty
Brand: Team Results Realty
SKU: 5190367
Price: 189000 USD

House

For Sale

Listed price in listed location currency (USD).

$189,000

410

MLS® 5190367

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 924 sqft

Garage Yes

Taxes $3,603

Days Active 1

Lot Size 0.1038 acres

Approx. Age 1925

Avg. Price Per Sqft $204

MLS® Number 5190367

Property Address: 5550 Grasmere Ave, Maple Heights, OH, 44137-3442

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

Description

ATTENTION INVESTORS: TURNKEY HIGH-END CASH COW IN MAPLE HEIGHTS — $2, 350/MO, 100% SUBSIDIZED This fully remodeled SFH is a true cashflow machine, currently rented at $2, 350/mo through EDEN (HUD-funded, similar to Section 8) with 100% subsidy — no tenant portion and significantly reduced collection risk. Month-to-month tenant is cooperative and gives you maximum flexibility: keep the strong cashflow as-is, or plan a future move-out to reposition, flip, or push rents even higher. The home was completely rebuilt with brand-new everything: new kitchen with quartz countertops, new cabinets and hardware, stainless steel appliances, brand-new refrigerator and stove, brand-new furnace, brand-new hot water tank, and fully updated full-tile bathroom with modern backlit vanity mirrors. Four large bedrooms (two on the main level, two up) make this a highly desirable layout and a strong rent-per-square-foot performer. The property shows normal cosmetic wear from a living tenant but remains fully updated; if the tenant ever moves out, a light cosmetic refresh is all that's needed to make it show like brand new again. The huge, clean, dry basement offers value-add potential for two additional bedrooms, with comps suggesting rent could push $3, 100+ if/when re-approved by the subsidy provider for new tenant if desired. This one offers multiple exit strategies: keep it as a high-yield EDEN cash cow, finish the basement and drive rents higher, or turn it as a retail flip in a VERY STRONG MAPLE HEIGHTS market. Fully rehabbed, high-end finishes, modern updates, well maintained, low-maintenance asset, fully occupied, major cashflow. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SUBSIDIZED PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer. Artistic marketing renders and photos are transferable to buyer for future use in listings.

MLS® Number5190367

Laundry Level

Central VacNo

FireplaceNo

Acreage0.1038

Exterior

GarageYes

Approx. Age1925

BasementFull

DrivewayDetached, Garage

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 3, 2026List Date

$189,000List Price

Jan 19, 2025End Date

$129,500Sold Price

Sold

Jan 5, 2025List Date

$144,900List Price

Home Appraisal

This property is estimated to sell between: $146,000 and $211,000.

Similar properties in this area sold on average for: $146,766

Expected to sell in 27 days. Similar properties sold in 28 days. This home has been on eXp Realty for 1 day.

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.

Commute

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Starting Address

Destination Address

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