OH
Cuyahoga
Cleveland
44119
18707 Shawnee Avenue
18707 Shawnee Avenue, Cleveland, OH 44119
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Listing Type
Single Family
Listing Status
active
9
$145,000

Home Details for 18707 Shawnee Avenue

Price
$145,000
Type
Residential
Bedrooms
3
Bathrooms
2.0
Square feet
1004
Year built
1940
Lot size acres
0.1148
County
Cuyahoga
Total rooms
6
Garage
2
Basement
Full
Days on site
165
MLS Listing#
5134354
Property Description

ATTENTION INVESTORS: TURNKEY SECTION 8 CASH COW — $1,635/MO WITH MORE UPSIDE! — CLEVELAND TAXES, HIGH EUCLID RENTS, EXCELLENT DSCR This property is a major cashflow performer, currently generating $1,635/mo — $1,494 fully covered by CMHA Section 8, plus an additional $141/mo in garage rent paid directly by the tenant with an increase in sight! Already submitted. Government-backed income, 100% split (CMHA pays 100%), with no tenant portion risk. Property is fully stabilized with long-term happy tenant, and producing a massive DSCR even at today’s interest rates. Massive ratio! Located just blocks from Euclid, it benefits from higher Euclid-level rents while paying lower Cleveland taxes without Euclid POS — maximizing net yield. Property is on a clean, quiet, high-rental-demand street where rentals move quickly and stay full, near banks, restaurants, shops and grocery store. Walk to any of them. Rent it for the cashflow, or buy it as an owner. Many houses on this street are owner occupied! Turnkey, perfect for investors looking to start with no vacancy down time. Big rehab includes: restored hardwood floors, new kitchen flooring, fresh paint, brand new appliances, sink and hardware, and overall refresh, along with a nice fenced-in backyard. Dry basement offers value-add potential to add 1–2 bedrooms and increase rent significantly. likely increase in rent of $500/mo with two additional basement bedrooms. PRIME AREA! LEAD BASE PAINT TESTING COMPLETE AND PASSED! Fully rehabbed, rent-stabilized, excellent tenant, well maintained, low-maintenance asset, high-demand. Strong lease is transferrable and very owner-protective. Excellent DSCR ratio and investment! 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."

Property Features
  • Heating Information
    • Natural Gas
    • Forced Air
  • Parking
    • Detached
    • Garage
  • Cooling Information
    • None
  • Water Features
    • Public
  • Basement
    • Full
  • Fire Place
    • Wood Burning
Listing Courtesy: Team Results Realty - 614-382-2124
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-11-06 08:32:15
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Median Listing Price
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Market statistics compiled from data from YES MLS.
EXIT RIVERBEND REALTY
220 Main St, Belpre, OH 45714
Jim Richards
CA BRE: #: WVS180300267
License #: sal.2019007897
Sales Representative
Office
740 860 3555
Agent
304 210 7379
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