5550 Grasmere Avenue, Maple Heights, OH 44137
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: scott a marvin
Office: team results realty
MLS#:5190367
Source:OH_NORMLS
Price summary
- Price:$189,000
- Price per sq. ft.:$204.55
About this home
ATTENTION INVESTORS: TURNKEY HIGH-END CASH COW IN MAPLE HEIGHTS — $2,350/MO, 100% SUBSIDIZED
This fully remodeled SFH is a true cashflow machine, currently rented at $2,350/mo through EDEN (HUD-funded, similar to Section 8) with 100% subsidy — no tenant portion and significantly reduced collection risk. Month-to-month tenant is cooperative and gives you maximum flexibility: keep the strong cashflow as-is, or plan a future move-out to reposition, flip, or push rents even higher.
The home was completely rebuilt with brand-new everything: new kitchen with quartz countertops, new cabinets and hardware, stainless steel appliances, brand-new refrigerator and stove, brand-new furnace, brand-new hot water tank, and fully updated full-tile bathroom with modern backlit vanity mirrors. Four large bedrooms (two on the main level, two up) make this a highly desirable layout and a strong rent-per-square-foot performer.
The property shows normal cosmetic wear from a living tenant but remains fully updated; if the tenant ever moves out, a light cosmetic refresh is all that's needed to make it show like brand new again. The huge, clean, dry basement offers value-add potential for two additional bedrooms, with comps suggesting rent could push $3,100+ if/when re-approved by the subsidy provider for new tenant if desired. This one offers multiple exit strategies: keep it as a high-yield EDEN cash cow, finish the basement and drive rents higher, or turn it as a retail flip in a VERY STRONG MAPLE HEIGHTS market.
Fully rehabbed, high-end finishes, modern updates, well maintained, low-maintenance asset, fully occupied, major cashflow. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SUBSIDIZED 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....
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Home facts
- Year built:1925
- Listing ID #:5190367
- Added:53 day(s) ago
- Updated:April 25, 2026 at 02:15 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:6
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:924 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas, Gravity
Structure and exterior
- Roof:Shingle
- Year built:1925
- Building area:924 sq. ft.
- Lot area:0.1 Acres
- Construction Materials:Brick, Vinyl Siding
- Exterior Features:Deck, Patio, Porch
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$189,000
- Price per sq. ft.:$204.55
- Tax amount:$3,603 (2025)
Features and amenities
- Appliances:Range, Refrigerator
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:2
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