18707 Shawnee Avenue
Cleveland, OH, 44119
Price$145,000
Beds3
Baths2
SqFt1,004
Baths2
SqFt1,004
Status:Active
Property Type:Residential
School:Cleveland Municipal – 1809
Property Type:Residential
School:Cleveland Municipal – 1809
ATTENTION INVESTORS: TURNKEY SECTION 8 CASH COW — $1,635/MO WITH MORE UPSIDE! — CLEVELAND TAXES, HIGH EUCLID RENTS, EXCELLENT DSCR
This property is a major cashflow performer, currently generating $1,635/mo — $1,494 fully covered by CMHA Section 8, plus an additional $141/mo in garage rent paid directly by the tenant with an increase in sight! Already submitted. Government-backed income, 100% split (CMHA pays 100%), with no tenant portion risk. Property is fully stabilized with long-term happy tenant, and producing a massive DSCR even at today’s interest rates. Massive ratio!
Located just blocks from Euclid, it benefits from higher Euclid-level rents while paying lower Cleveland taxes without Euclid POS — maximizing net yield. Property is on a clean, quiet, high-rental-demand street where rentals move quickly and stay full, near banks, restaurants, shops and grocery store. Walk to any of them. Rent it for the cashflow, or buy it as an owner. Many houses on this street are owner occupied!
Turnkey, perfect for investors looking to start with no vacancy down time.
Big rehab includes: restored hardwood floors, new kitchen flooring, fresh paint, brand new appliances, sink and hardware, and overall refresh, along with a nice fenced-in backyard. Dry basement offers value-add potential to add 1–2 bedrooms and increase rent significantly. likely increase in rent of $500/mo with two additional basement bedrooms. PRIME AREA!
LEAD BASE PAINT TESTING COMPLETE AND PASSED!
Fully rehabbed, rent-stabilized, excellent tenant, well maintained, low-maintenance asset, high-demand. Strong lease is transferrable and very owner-protective. Excellent DSCR ratio and investment!
PART OF A LARGER STABILIZED SECTION 8 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.”
| Price | $145,000 | |
| Bedrooms | 3 | |
| Full Baths | 2 | |
| Half Baths | 0 | |
| Total Baths | 2 | |
| Property Style | Split Level | |
| Lot Size Area | 0.1148 | |
| Lot Size Area Units | Acres | |
| Acres | 0.1148 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Single Family Residence | |
| Stories | 2 | |
| Year Built | 1940 | |
| Fireplaces | 1 | |
| Subdivision | Euclid 17 | |
| Roof | Shingle | |
| Heating | Forced Air, Gas | |
| Foundation | Block | |
| Parking Description | Detached, Garage | |
| Garage spaces | 2 | |
| Directions | I-90 E to E 185th St. Take exit 182A from I-90 E 9 min (9.6 mi) Continue on E 185th St. Drive to Shawnee Ave/Wendon Ct |
|
| County | Cuyahoga | |
| Latitude | 41.583326 | |
| Longitude | -81.547912 | |
| Address | 18707 Shawnee Avenue, Cleveland, OH 44119 | |
| Postal Code | 44119 | |
| City | Cleveland | |
| State | OH | |
| Country | United States | |
| Listing Office | Team Results Realty | |
| Listing Office Phone | 614-382-2124 | |
| Listing Office Email | [email protected] | |
| Listing Agent | Scott Marvin | |
| Listing Agent Phone | 614-382-2124 | |
| Attribution Contact | 614-382-2124, [email protected] | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
| District | Cleveland Municipal – 1809 | |
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Last Modified | Nov 18, 2025 | |
| Tax ID | 114-19-030 | |
| Tax Year | 2024 | |
| Tax Annual Amount | 1896 | |
| MLS # | 5134354 | |
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