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Investor-ready, cash-flowing huge 6-bedroom / 2-full-bath property with a Section 8 tenant already in place, producing $1,214 per month in guaranteed, government-backed rental income ? with the tenant paying ALL utilities. Located in Cleveland's highly sought-after Central area, this property is within walking distance to Downtown Cleveland, making it especially attractive for long-term tenant demand and future appreciation. The home features vinyl replacement windows, a welcoming front porch, and a rear deck for added livability. The basement is protected by a sump pump to help ensure a clean, dry lower level, helping reduce maintenance risk and protect your investment. This is a true turn-key, income-producing asset with the stability investors want ? a current Section 8 lease providing reliable, consistent monthly income backed by a government housing program, significantly reducing vacancy and payment-default risk. Value-add opportunity: There is potential to submit a rental increase request with CMHA, offering built-in upside without requiring renovations. With a rare 6-bedroom layout, strong location near downtown, and dependable government-supported income, this property is an excellent buy-and-hold opportunity for investors seeking steady cash flow with future rent growth potential.
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: Key Realty
Agency Contact: iangrameREALTOR@gmail.com, 216-882-1056