Active

5550 Grasmere Avenue

Maple Heights, OH 44137

$189,000 $796/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

924

Sqft

0.10

Acre(Lot)

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 lar ge 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.

Property Details

Property Type : Residential

Price : $189,000

AD Id : 75775349

MLS Id : 5190367

Beds : 4

Lot Size : 0.10 Acre

Living Area Size : 924

Year Built : 1925

Garage : 2

County : Cuyahoga

Subdivision: Jamestown Crossing

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Rooms Total: 6 Has Basement: Yes Basement: Full
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Range, Refrigerator
Heating & Cooling

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

Building Information

Year Built: 1925 Construction Materials: Brick, Vinyl Siding Stories: 2 Patio And Porch Features: Deck, Patio, Porch, Screened Private Pool: No

Lot Information

Main Square Feet: 0.1038 Acres Lot Size Acres: 0.1038 Lot Size Source: Assessor

Property Information

Subdivision: Mapleboro Park Allotment 02 Source Property Type: Residential Property SubType: Single Family Residence Levels: Two Property Age: 101

Listing Price Information

Listing Price: $189000

Tax Information

Parcel Number: 781-15-101 Tax Year: 2025 Annual Tax: $3603 Tax Legal Desc: 13 MAPLEBORO#2 0109 ALL

Parking Information

Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: Lee Rd 0.2 mi Turn left onto Broadway Ave 0.3 mi Turn left onto Grasmere Ave WaterSource: Public

Sell a home like this and save $10,841 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
21506 Kenyon Street, Maple Heights, OH, 44137	$155,900	3	2	--
21202 Gardenview Drive, Maple Heights, OH, 44137	$152,000	3	2	1,980	1,980 SqFt
21202 Hillgrove Avenue, Maple Heights, OH, 44137	$139,900	4	3	--
20514 Mountville Drive, Maple Heights, OH, 44137	$139,900	3	1	1,885	1,885 SqFt
19910 Mountville Drive, Maple Heights, OH, 44137	$185,000	3	2	--
19280 Stafford Avenue, Maple Heights, OH, 44137	$124,900	3	1	1,157	1,157 SqFt
18909 Maple Heights Bou.., Maple Heights, OH, 44137	$168,000	3	3	2,166	2,166 SqFt
18715 Libby Road, Maple Heights, OH, 44137	$180,000	3	2	1,596	1,596 SqFt
18313 Hazelwood Avenue, Maple Heights, OH, 44137	$175,000	3	2	1,530	1,530 SqFt
18208 Edinboro Avenue, Maple Heights, OH, 44137	$124,900	3	1	1,200	1,200 SqFt

Similar Homes To 5550 Grasmere Avenue

Nearby For Sale

$264,900

Home For Sale

6089 Dunham Road,
Maple Heights, OH, 44137

Bed

Bath

Sqft

Acre(Lot)

21202 Hillgrove Avenue,
Maple Heights, OH, 44137

Bed

Bath

Acre(Lot)

SL 15 Rocky Top Court,
Maple Heights, OH, 44137

Bed

Bath

Sqft

Acre(Lot)

5150 Arch Boulevard,
Maple Heights, OH, 44137

Bed

Bath

Sqft

Acre(Lot)

14956 Carol Drive,
Maple Heights, OH, 44137

Bed

Bath

1,720

Sqft

0.14

Acre(Lot)

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 06/05/2026 @ 15:53

MLS: 5190367 LISTED BY: Scott Marvin, Team Results Realty 614-382-2124 SOURCE: MLS Now