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ATTENTION INVESTORS: BRICK CASH COW IN THE WATERLOO ARTS DISTRICT. This solid brick home at 1268 E 169th St sits in Cleveland's rapidly revitalizing Waterloo Arts corridor, surrounded by rising values, growing owner-occupancy, and walkable access to galleries, restaurants, nightlife, and the iconic Waterloo theater. Last rented at nearly $1,400 with Section 8, the property has been severely underpriced relative to current demand especially as nearby Euclid-area rents help support strong CMHA payment standards. Inside, the property is essentially turnkey: quality remodel with full interior repaint, refreshed basement floors and walls, and a brick exterior that offers durability and low exterior maintenance. The large, refinished basement creates value-add potential, with layout and ceiling height that could allow for two additional bedrooms and a bath (buyer to verify), which could push total rent an additional $500$700 per month and increase returns. Additional features include large windows with great natural light, a long private driveway, and a garage that was being rented out separately for additional cashflow, plus a city-owned vacant lot next door that adds privacy, side-yard feel, and better light. Lead-based paint testing has been completed and passed, with the report available, making this a compliance-ready, inspection-friendly asset for housing authority programs. In a fast-improving arts district that blends strong rent potential, cultural amenities, and appreciation momentum, this property offers a rare combination of turnkey Section 8 cash flow today with meaningful upside through rent reset, basement build-out, or a future flip to an owner-occupant. Part of a larger Section 8 portfolio?ask about additional stabilized voucher properties and transferable marketing photos/renders for your future listings. Easy to show.
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: Team Results Realty
Agency Contact: 614-382-2124, scottamarvin@gmail.com