Average square foot calculated using Size range provided by listing agent.
Description
ATTENTION INVESTORS: RARE OPPORTUNITY TO CONTROL THE BLOCK — This turnkey cash cow sits in the path of rapid wealth creation on Cleveland’s West Side. MetroHealth has committed over $1 billion to its campus and surrounding area — including housing, community services, and transit upgrades. This institutional anchor is fast-tracking area home values, outpacing the broader market, which itself rose 15% year-over-year. Own 3947 W 22nd alongside 3943 W 22nd — a rare chance to lock in both instant cashflow + long-term appreciation. Both are SFHs, both Section 8 occupied. "LEAD BASED PAINT TESTED & CERTIFIED!". TURNKEY CASH COW: Strong appreciation plays aside, Section 8 investors will love this — currently rented at almost $1, 400/mo with a 100% RENT SPLIT through CMHA Section 8. That means 100% of the rent is covered by the government with $0 tenant portion risk. Tenant is cooperative, happy, great to deal with. No waiting months to fill vacancies -- government-backed income from day one of ownership. Extensive CapEx completed: Brand new full house siding, new roof (full replacement), updated basement, fresh paint and finishes, new bathroom vanity, upgraded plumbing. 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.Show Description
MLS® Number5133461
Laundry Level
Central VacNo
FireplaceNo
Acreage0.0826
Exterior
GarageNo
Approx. Age1922
Basement
DrivewayOff Street, On Street
Garage Spaces
HeatForced Air, Gas
A/CNone
Heating Fuel
Extras
Similar Listings
Get notified of price or status changes by saving this listing