ATTENTION INVESTORS: TURNKEY SECTION 8 BRICK CASH COW IN WATERLOO ARTS DISTRICT — $1, 395/MO WITH UPSIDE BUILT IN This one checks all the investor boxes: CMHA Section 8 tenant paying 100% $1, 205/mo, plus an additional $190/mo in garage rent from the same tenant — total of $1, 395/mo in collected rent. And it’s due for a rent increase, offering baked-in upside. Tenant is stable, cooperative, and happy to stay. Located in Cleveland’s exploding Waterloo Arts District, this neighborhood is seeing surging demand, appreciation momentum, and an influx of culture, restaurants, and nightlife. With Euclid rents influencing the CMHA range in this pocket, Section 8 payouts are stronger here than typical east side comps. This is a prime appreciation + cashflow play. Value-add potential: large dry basement — could easily support 2 additional bedrooms + bath, pushing rent another $500–$700/month for minimal build out. CapEx already completed: Quality remodel! Full interior repaint, painted basement, good mechanicals, updating throughout. Solid rick exterior, large windows with great natural light, long private driveway, and single car garage with existing rental income. Next to a city-owned vacant lot — extra privacy, elbow room and light. LEAD BASED PAINT TESTING COMPLETED AND PASSED. 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. Artistic marketing renders and photos are transferable to buyer for future use in listings.
