1268 E 169th ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44110
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,012 sqft
Price per Sqft $137
Subdivision Moses
MLS Listing ID 5134806
Style Split Level
Bedrooms 2
Full Baths 2
Year Built 1928
Annual Tax Amount $1,835
Tax Year 2024
Lot Size 4,399 Sqft
Property Sub-Type Single Family Residence
Property Description
ATTENTION INVESTORS: TURNKEY SECTION 8 BRICK CASH COW IN WATERLOO ARTS DISTRICT — $1,395/MO WITH UPSIDE BUILT IN
This one checks all the investor boxes: CMHA Section 8 tenant paying 100% $1,205/mo, plus an additional $190/mo in garage rent from the same tenant — total of $1,395/mo in collected rent. And it's due for a rent increase, offering baked-in upside. Tenant is stable, cooperative, and happy to stay.
Located in Cleveland's exploding Waterloo Arts District, this neighborhood is seeing surging demand, appreciation momentum, and an influx of culture, restaurants, and nightlife. With Euclid rents influencing the CMHA range in this pocket, Section 8 payouts are stronger here than typical east side comps. This is a prime appreciation + cashflow play.
Value-add potential: large dry basement — could easily support 2 additional bedrooms + bath, pushing rent another $500–$700/month for minimal build out.
CapEx already completed: Quality remodel! full interior repaint, painted basement, good mechanicals, updating throughout. Solid rick exterior, large windows with great natural light, long private driveway, and single car garage with existing rental income. Next to a city-owned vacant lot — extra privacy, elbow room and light.
LEAD BASED PAINT TESTING COMPLETED AND PASSED.
Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective.
PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — 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.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air,Gas
Cooling None
Exterior
Parking Features Detached,Garage
Garage Spaces 2.0
Garage Description 2.0
Roof Type Shingle
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard