17005 Lipton AVE Cleveland, OH 44128
5 Beds
2 Baths
1,792 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $88
Subdivision William J Langs Lee Heights
MLS Listing ID 5136101
Style Conventional
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 912
Year Built 1957
Annual Tax Amount $730
Tax Year 2024
Lot Size 6,398 Sqft
Acres 0.1469
Property Sub-Type Single Family Residence
Property Description
Fully rehabbed, completely remodeled, this turnkey single-family rental is currently bringing in $2,043/mo ($1,943 from CMHA--Excellent 95% split!). Stable, happy, cooperative tenant in place under CMHA Section 8, with massive government-backed income! Massive rents, huge cash flow, excellent DSCR ratio!
Located on an excellent, high-demand and quiet street, this asset delivers Maple Heights-level rents and demand, but with low Cleveland taxes, boosting yield. Homes here rent quickly and remain occupied long-term.
MAJOR CAPEX COMPLETED! Interior was fully remodeled: brand-new kitchen cabinets, countertops and faucets, updated bathroom, refinished basement, new lighting throughout, new kitchen tile flooring, and BRAND NEW LOW-E WINDOWS (dual-pane energy-efficient vinyl windows) throughout. Modern, low-maintenance, and a long-term CapEx saver.
LEAD BASED PAINT CERTIFIED! Lead-based paint testing completed and passed, and the property is Cleveland Lead-Safe certified in compliance with city requirements . Reports are available upon request.
Fully rehabbed, rent-stabilized, quality remodel, 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. Showings after accepted offer.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Main Level Bedrooms 3
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Window Features Double Pane Windows
Appliance Range, Refrigerator
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Shingle
Private Pool No
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Conventional
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 143-14-034
Special Listing Condition Standard