5550 Grasmere AVE, Maple Heights, OH 44137
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5550 Grasmere AVE, Maple Heights, OH 44137
5550 Grasmere AVE, Maple Heights, OH 44137
5550 Grasmere AVE, Maple Heights, OH 44137
5550 Grasmere AVE, Maple Heights, OH 44137
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Teri German

Teri German

Engel & Völkers

+1(216) 285-0535
$ 179,000
Est. payment /mo
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Price Dropped by $10K

5550 Grasmere AVE Maple Heights, OH 44137

4 Beds

1 Bath

924 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 924 sqft

Price per Sqft $193

Subdivision Mapleboro Park Allotment 02

MLS Listing ID 5190367

Style Traditional

Bedrooms 4

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 924

Year Built 1925

Annual Tax Amount $3,603

Tax Year 2025

Lot Size 4,521 Sqft

Acres 0.1038

Property Sub-Type Single Family Residence

Property Description

ATTENTION INVESTORS & OWNER-OCCUPANTS: HIGH-END CASH COW IN MAPLE HEIGHTS. This fully remodeled single-family home at 5550 Grasmere is a proven performer, last rented at $2,350/mo through EDEN (similar to Section 8) at 100% subsidy with no tenant portion. With the published 2026 FMR for this zip code at $2,508 and the current tenant scheduled to move out in July 30, a new owner can step in and place a fresh tenant at today's higher rent right away. The home was remodeled with high-end finishes throughout: quartz kitchen with new cabinets, hardware, and stainless steel appliances, brand-new furnace and hot water tank, and a fully tiled bathroom with backlit vanity mirrors. Four large bedrooms (two down, two up) plus a huge, clean, dry basement deliver standout rent-per-square-foot in a strong-rent Maple Heights market, with room to add value by finishing the lower level with two additional bedrooms, buyer to verify). Turnkey, low-maintenance, and ready to cash flow from day one—with optional upside as a future retail flip or owner occupancy. Do not disturb tenant; 48-hour notice typically required for showings after accepted offer.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Main Level Bedrooms 2

Interior

Heating Forced Air, Gas, Gravity

Cooling None

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Shingle

Porch Deck, Patio, Porch, Screened

Private Pool No

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Schools

School District Maple Heights Csd - 1818

Others

Tax ID 781-15-101

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Scott A Marvin • Team Results Realty • 614-382-2124, scottamarvin@gmail.com

Teri German

Teri German

Advisor | License ID: SAL.2005014281

+1(216) 285-0535

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5550 Grasmere AVE