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16029 Friend Avenue

Maple Heights, OH 44137
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Bed 3

Bed

Bath 1

Bath

SqFt950

Sqft

Acres0.14

Acre(Lot)

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. Quie t 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!

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Detail Ic Property Details

Property Type : Residential

Price : $139,400

AD Id : 90968507

MLS Id : 5241544

Beds : 3

Lot Size : 0.14 Acre

Living Area Size : 950

Tax Amount : 2059.00

Year Built : 1923

Garage : 2

County : Cuyahoga

Subdivision: Oak Ridge Estates

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Rooms Total: 5 Has Basement: Yes Basement: Full
  • Roofing Information

    Fiberglass, Shingle
  • Interior Features

    Roof: Fiberglass, Shingle Appliances: Range, Refrigerator Window Features: Double Pane Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None

  • Building Information

    Year Built: 1923 Construction Materials: Aluminum Siding, Vinyl Siding Stories: 2 Patio And Porch Features: Patio Private Pool: No

  • Lot Information

    Main Square Feet: 0.1359 Acres Lot Size Acres: 0.1359 Lot Size Source: Assessor

    Property Information

    Subdivision: Friend Source Property Type: Residential Property SubType: Single Family Residence Levels: Two Property Age: 103

  • Listing Price Information

    Listing Price: $139400

  • Tax Information

    Parcel Number: 781-06-021 Tax Year: 2025 Annual Tax: $2059 Tax Legal Desc: 2 FRIEND 0017 SEP

  • Parking Information

    Detached, Garage

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Use GPS to 16029 Friend Ave, Maple Heights, OH 44137 WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
21603 Libby Road, Maple Heights, OH, 44137 $99,500 3 1 1,350 0.11 Acre
21419 Libby Road, Maple Heights, OH, 44137 $169,000 3 1 1,348 0.11 Acre
20905 Clare Avenue, Maple Heights, OH, 44137 $198,900 3 2 -- 0.12 Acre
19910 Mountville Drive, Maple Heights, OH, 44137 $184,900 3 2 -- 0.13 Acre
19806 Mountville Drive, Maple Heights, OH, 44137 $205,000 3 3 2,144 0.13 Acre
19280 Stafford Avenue, Maple Heights, OH, 44137 $124,900 3 1 1,157 0.11 Acre
19020 Watercrest Avenue, Maple Heights, OH, 44137 $215,000 3 2 1,568 0.14 Acre
19316 Milan Drive, Maple Heights, OH, 44137 $180,000 3 2 1,819 0.13 Acre
5530 Oakwood Avenue, Maple Heights, OH, 44137 $129,900 3 1 1,770 0.10 Acre
18971 Nitra Avenue, Maple Heights, OH, 44137 $174,900 3 2 2,240 0.11 Acre

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 09/03/2026 @ 10:51

MLS: 5241544 LISTED BY: Scott Marvin, Team Results Realty 614-382-2124 SOURCE: MLS Now

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