Property Description

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.

Property Features

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