CASH-FLOWING SECTION 8 INVESTMENT WITH RENT UPSIDE! Attention investors! Here's your opportunity to acquire a performing rental property with immediate income and strong upside potential. Currently occupied by a Section 8 tenant paying $1,600 per month ($19,200 annually), this property offers stable cash flow from day one. With market rents supporting approximately $2,200 per month ($26,400 annually) upon future tenant turnover, investors have the opportunity to increase gross rental income by nearly $7,200 per year. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a reliable buy-and-hold asset, this property checks all the boxes. Features include a functional layout, strong rental demand, and a location that continues to attract quality tenants. The property is already producing income, eliminating the vacancy risk and lease-up period often associated with new acquisitions. ? Current Rent: $1,600/month ? Projected Rent: Up to $2,200/month ? Section 8 Income Stability ? Tenant Occupied Cash Flow from Day One ? Excellent Buy-and-Hold Opportunity ? Potential for Increased Returns Through Future Rent Adjustments Opportunities to purchase performing rental properties with built-in rent growth potential are becoming increasingly difficult to find. Add this income-producing asset to your portfolio and start earning from day one. Contact your agent today for financial details and a private showing.
Listed By
Agency Name: Red 1 Realty, LLC
Agency Contact: bjholdings23@gmail.com, 440-319-5495
Shown By
Agent Name: David Maltese
Agent Phone: (330) 936-0865
Agency Title: DeHOFF REALTORS
Estimated Payment
$ 706.39 per month $662.64 Principal & Interest $0.00 Property Tax (data not provided by mls) $43.75 Homeowner's Insurance
13170 Forestdale Drive | MLS# 5214674
This single family home located at 13170 Forestdale Drive, Garfield Heights, OH 44125 is currently listed for sale with an asking price of $150,000. This property was built in 1954 and has 3 bedrooms and 1 full baths. Forestdale Drive is located in the Cranwood Dev Cos Cranwood Park subdivision within the Garfield Heights City school district. Search Cranwood Dev Cos Cranwood Park real estate on dmaltese.dehoff.com today.