Property
Beds
5
Full Baths
1
1/2 Baths
None
Year Built
1942
Sq.Footage
1,092
ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 MONSTER — $2,683/MO, FULLY SUBSIDIZED. 19409 Libby Rd is a high-yield single-family on Maple Heights’ main east-west corridor, in a strong rental city where single-family rents sit well above many nearby east-side suburbs and demand has been trending up year over year. Currently rented at a massive $2,683/mo, 100% paid by CMHA Section 8, it delivers locked-in, government-backed income at a level that materially outperforms the area’s typical rent range. Libby Rd offers quick access to Lee Rd, Broadway/480, and neighborhood retail, giving tenants easy commutes and everyday amenities that help keep units rented and reduce vacancy risk. The home has been fully remodeled top to bottom and feels like new construction: new carpet and flooring, new kitchen with updated cabinets and hardware, newer stove and refrigerator, fresh interior paint throughout, updated bathroom, new dual-pane vinyl windows, finished basement, new furnace, brand-new water heater, and a large fenced backyard plus 2-car garage for extra appeal and functionality. It also just passed CMHA inspection this spring, giving incoming investors confidence in both condition and program compliance. The existing $2,683/mo stream represents a standout DSCR and a true portfolio anchor for investors focused on maximum cash flow. Long term tenant. Lead-based paint testing has been completed and passed (report available), and the strong, owner-protective lease can transfer to a new buyer, making this a plug-and-play acquisition in one of Cleveland’s most reliable cash-flow suburbs. Part of a larger stabilized Section 8 portfolio—ask about additional high-rent Maple Heights and east-side assets. Do not disturb tenants; 48-hour notice typically required for showings, often after accepted offer.
Features & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
1
-
Above Grade Finished Area
1092.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Vinyl Siding
-
Parking
Detached, Garage
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1286
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Conventional
Price
-
Sales Price
$175,000
-
Tax Amount
$3,042
-
Sq. Footage
1, 092
-
Price/SqFt
$160
HOA
-
Association
No
School District
-
Elementary School
Maple Heights CSD - 1818
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Cuyahoga
Elementary School
Maple Heights CSD - 1818
Middle School
High School
Listing Courtesy of Scott A Marvin , Team Results Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
AGENT
Tylier Dawley
Call Tylier today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.