16029 Friend Avenue
Maple Heights, OH, 44137
Price$139,400
Beds3
Baths1
SqFt950
Baths1
SqFt950
Status:Active
Property Type:Residential
School:Maple Heights CSD – 1818
Property Type:Residential
School:Maple Heights CSD – 1818
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!
| Price | $139,400 | |
| Bedrooms | 3 | |
| Full Baths | 1 | |
| Half Baths | 0 | |
| Total Baths | 1 | |
| Property Style | Traditional | |
| Lot Size Area | 0.1359 | |
| Lot Size Area Units | Acres | |
| Acres | 0.1359 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Single Family Residence | |
| Stories | 2 | |
| Year Built | 1923 | |
| Fireplaces | 0 | |
| Subdivision | Friend | |
| Roof | Fiberglass, Shingle | |
| Heating | Forced Air, Gas | |
| Foundation | Block | |
| Parking Description | Detached, Garage | |
| Garage spaces | 2 | |
| Directions | Use GPS to 16029 Friend Ave, Maple Heights, OH 44137 | |
| County | Cuyahoga | |
| Latitude | 41.419721 | |
| Longitude | -81.569016 | |
| Address | 16029 Friend Avenue, Maple Heights, OH 44137 | |
| Postal Code | 44137 | |
| City | Maple Heights | |
| 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 | Maple Heights CSD – 1818 | |
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Last Modified | Sep 2, 2026 | |
| Tax ID | 781-06-021 | |
| Tax Year | 2025 | |
| Tax Annual Amount | 2059 | |
| MLS # | 5241544 | |
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