AVAILABLE Properties
13031 McCracken Rd, Garfield Heights, OH 44125
OFF-MARKET RENTAL CLEVELAND OPPORTUNITY
PROPERTY Details
Sq. Ft: 1,250 Sq Ft
Lot Size: 5,600 Sq Ft
Bedrooms: 3
Bathrooms: 1
Parking: Detached 2 car garage
HOA: None
Occupancy: Rented to section 8 tenant at $1549/ month plus utilities (Owner pays W&S currently)
infrastructure & UTILITIES
Roof: In very good condition | Replaced 10 year or less
Plumbing : Good working order
Electrical: Good working order
Hot water heater: Good working order
Appliances: All kitchen appliances are included in sale. Washer & dryer we’re provided by the tenant
asking price
Cash/Hard Money - Can provide lender offering competitive rates if needed
Multiple Exit Strategies!
ARV: $175k-180k
Asking Price: $140k
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Annual Operating Expenses
Property Taxes: $3,200
Insurance: $720
Water & Sewer: $960
Maintenance: $1,000
Total Annual Operating Expenses: $5,880
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Investment Metrics
Purchase Price: $140,000
Cap Rate: 9.08%
Gross Rent Multiplier (GRM): 7.53
Monthly Gross Income: $1,549
Annual Gross Income: $18,588
closing/touring details
$5k EMD to title upon execution of assignment of purchase agreement
Tour available upon request.
COE before 7/22/26 - Current POS inspection is valid for sale until 7/22
Overview
Turnkey Section 8 investment opportunity in Garfield Heights with a long-term tenant already in place paying $1,549/month. The property has been well maintained with recent kitchen and bathroom updates, a detached 2-car garage, and offers immediate cash flow from day one.
Why This Deal Makes Sense
Stable Section 8 tenant in place for 4 years with consistent payment history
Current rent of $1,549/month
Tenant pays gas & electric
Passed most recent Section 8 inspection on May 31
Detached 2-car garage adds tenant appeal and long-term value
Value Add Opportunity
Increase property value through completion of the Garfield Heights Point of Sale violations
Opportunity to value add with cosmetic finishes over time
Potential for future rent increases as Section 8 payment standards adjust
Strong long-term appreciation potential in a stable rental market
Exit Strategies:
Buy & hold with immediate cash flow
Long-term Section 8 rental
BRRRR after completing POS repairs and seasoning
Refinance into a stabilized rental portfolio asset
Rare off-market deal, deals in this pocket move quickly — especially with this kind of spread and upside. Looking to move fast. Reach out for access before it’s gone.
AREA INSIGHTS
Real Estate Market Trends:
Stable Rental Market
Garfield Heights continues to be one of Greater Cleveland's strongest cash-flow rental markets, driven by affordable home prices, consistent tenant demand, and strong rental yields. The area remains a favorite among both local and out-of-state investors seeking dependable monthly cash flow and long-term portfolio growth.
Strong Relative Value
Properties in the 44125 zip code offer investors an attractive balance of affordability and income potential. Compared to many surrounding Cleveland suburbs, Garfield Heights provides higher cap rates, lower acquisition costs, and steady demand from long-term renters. These fundamentals continue to make the area a desirable target for buy-and-hold investors
Immediate Cash Flow
Properties with tenants already in place allow investors to generate income from day one while avoiding vacancy, leasing costs, and turnover expenses. Stable occupancy and consistent rent collections provide predictable cash flow and reduce operational risk.
Value Add Opportunity
Many properties in Garfield Heights offer opportunities to increase value through cosmetic improvements, deferred maintenance, or city Point of Sale compliance work. These improvements can enhance long-term appreciation while positioning the property for future rental increases or higher resale value.
Long-Term Growth
Garfield Heights continues to attract investor interest due to its affordability, stable housing demand, and proximity to Downtown Cleveland, major employers, healthcare systems, and interstate access. As inventory remains limited and rental demand stays consistent, the area continues to support long-term appreciation alongside strong cash-flow potential.
Investor Summary
The Garfield Heights market offers an attractive investment profile built around dependable cash flow, affordable acquisition costs, and long-term rental demand. With stable tenant occupancy, strong rental fundamentals, and opportunities to add value through strategic improvements, properties in this market continue to appeal to investors seeking both immediate income and long-term portfolio growth.