Home for Sale at 16029 Friend Avenue in Maple Heights, OH for $139,400

Listing data updated October 8, 2026 - 12:08pm
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16029 Friend Avenue | Maple Heights

$139,400 | 3 Beds | 1 Baths (1 Full) | 950 Sq. Ft.

ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW \u2014 RENTED AND CASHFLOWING FROM DAY ONE! $1,680/MO WITH UPSIDE.\r\n\r\nPOS CLEAR!\r\n\r\nFully rehabbed, stabilized Maple Heights rental at 16029 Friend Ave, currently rented with long term renter at $1,680/mo through CMHA Section 8 (100% of rent paid by the government).\r\n\r\n$20,168 PROJECTED ANUAL RENT!! CASH COW!\r\n\r\nMASSIVE DSCR RATIO! Do the math!\r\n\r\nEven at $20k/year currently, the property remains well under true market potential for this zip code (CMHA 2026 FMR for this zipcode is $2,339/mo). Tenant is on a month to month lease giving a new owner flexibility to either retain tenant (excellent cooperative tenant) or re-rent at a higher rate either via future CMHA adjustments or by re-tenanting at updated program/market rates.\r\n\r\nQuiet Maple Heights suburbia street.\r\n\r\nRecent improvements include brand new vinyl dual-pane windows, new stainless appliances, fresh paint throughout, refinished flooring, and an updated basement, with major CapEx already handled so the focus can stay on income and strategy rather than heavy repairs. Turnkey, rent-stabilized, and low-maintenance, this asset offers high DSCR at the right price and works equally well for first-time investors or those scaling a Section 8 portfolio.\r\n\r\nLEAD BASED PAINT TESTED !\r\n\r\nComes with cashflowing tenancy and strong transferrable owner lease.\r\n\r\nPart of a larger stabilized Section 8 portfolio\u2014ask about additional properties. Do not disturb tenants; 48-hour notice is typically required for showings, often after accepted offer.\r\n\r\nHOUSE IS POS VIOLATION FREE! CLEAR POS, NO POS ESCROW REQUIRED.\r\n\r\nTenant pays ALL UTILITIES except water! Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent! MLSNow 5241544

Directions to property: Use GPS to 16029 Friend Ave, Maple Heights, OH 44137

MLS Listing ID: 
MLSNow 5241544
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$139,400
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Maple Heights
Address: 
16029 Friend Avenue, Maple Heights, OH 44137
County: 
Cuyahoga
Latitude: 
41.4197210
Longitude: 
-81.5690160
Directions: 
Use GPS to 16029 Friend Ave, Maple Heights, OH 44137
Public Remarks: 
ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW \u2014 RENTED AND CASHFLOWING FROM DAY ONE! $1,680/MO WITH UPSIDE.\r\n\r\nPOS CLEAR!\r\n\r\nFully rehabbed, stabilized Maple Heights rental at 16029 Friend Ave, currently rented with long term renter at $1,680/mo through CMHA Section 8 (100% of rent paid by the government).\r\n\r\n$20,168 PROJECTED ANUAL RENT!! CASH COW!\r\n\r\nMASSIVE DSCR RATIO! Do the math!\r\n\r\nEven at $20k/year currently, the property remains well under true market potential for this zip code (CMHA 2026 FMR for this zipcode is $2,339/mo). Tenant is on a month to month lease giving a new owner flexibility to either retain tenant (excellent cooperative tenant) or re-rent at a higher rate either via future CMHA adjustments or by re-tenanting at updated program/market rates.\r\n\r\nQuiet Maple Heights suburbia street.\r\n\r\nRecent improvements include brand new vinyl dual-pane windows, new stainless appliances, fresh paint throughout, refinished flooring, and an updated basement, with major CapEx already handled so the focus can stay on income and strategy rather than heavy repairs. Turnkey, rent-stabilized, and low-maintenance, this asset offers high DSCR at the right price and works equally well for first-time investors or those scaling a Section 8 portfolio.\r\n\r\nLEAD BASED PAINT TESTED !\r\n\r\nComes with cashflowing tenancy and strong transferrable owner lease.\r\n\r\nPart of a larger stabilized Section 8 portfolio\u2014ask about additional properties. Do not disturb tenants; 48-hour notice is typically required for showings, often after accepted offer.\r\n\r\nHOUSE IS POS VIOLATION FREE! CLEAR POS, NO POS ESCROW REQUIRED.\r\n\r\nTenant pays ALL UTILITIES except water! Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!
Community Information
School District: 
Maple Heights CSD - 1818
Subdivision: 
Friend
Building Details
Details about the building on a property.
Architectural Style: 
Traditional
Stories: 
2
Year Built: 
1923
Living Area: 
950
Basement: 
Full
Construction
Construction Materials: 
Aluminum Siding,Vinyl Siding
Foundation Details: 
Block
Roof: 
Fiberglass,Shingle
Porch: 
Patio
Room Details
Details about the rooms in the building.
Total Rooms: 
5
Total Bedrooms: 
3
Total Bathrooms: 
1
Total Full-Bathrooms: 
1
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.14
Lot Size (Area): 
0.14
Lot Features
Parking Type: 
Detached,Garage
Additional Details
Appliances: 
Range,Refrigerator
Public Record
Parcel Number: 
781-06-021
Annual Tax: 
$2,059.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Scott A Marvin
Listing Office Name: 
Team Results Realty

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