5550 Grasmere Avenue | Maple Heights
ATTENTION INVESTORS: TURNKEY HIGH-END CASH COW IN MAPLE HEIGHTS \u2014 $2,350/MO, 100% SUBSIDIZED\r\n\r\nThis 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 \u2014 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.\r\n\r\nThe 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 large bedrooms (two on the main level, two up) make this a highly desirable layout and a strong rent-per-square-foot performer.\r\n\r\nThe 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\u0027s 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\u002B 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.\r\n\r\nFully 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 \u2014 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. MLSNow 5190367
Directions to property: Lee Rd\r\n\r\n0.2 mi\r\n\r\nTurn left onto Broadway Ave\r\n\r\n0.3 mi\r\n\r\nTurn left onto Grasmere Ave
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