
Search Properties
Buy with EXIT
Sell with EXIT
Find an Agent/Office
About
Why EXIT
The Spirit of EXIT
Careers
Offices
Contact Us
18707 Shawnee Avenue, Cleveland, OH 44119
Share Listing
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
Similar Homes
Similar Home Values
Contact
$145,000
Share Listing
Home Details for 18707 Shawnee Avenue
Price
$145,000
Type
Single Family
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Year Build
1940
Sq. Ft.
1004
Lot Size
0.1148
County
Cuyahoga
Total Rooms
6
Garage
2
Basement
Full
Tax
$1,896
MLS®️ Listing#
5134354
On exitrealty.com
152 days
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."
Read more
- 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, scottamarvin@gmail.com
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
See average values in the proximity of this property
Median Listing Price
Median Days on EXIT Realty®
Median Square Feet
Market statistics compiled from data from YES MLS.
See several nearby properties
EXIT REALTY GPS
6370 Mount Pleasant St. NW, North Canton, OH 44720
See properties nearby this listing
Compare the values of homes nearby
$145,000
Share Listing
EXIT REALTY GPS
6370 Mount Pleasant St. NW, North Canton, OH 44720