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Teri German

teri.german@engelvoelkers.com +1(216) 285-0535

$ 139,000

Est. payment -/mo

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18707 Shawnee AVE Cleveland, OH 44119

3 Beds

2 Baths

1,004 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,004 sqft

Price per Sqft $138

Subdivision Euclid 17

MLS Listing ID 5220372

Style Split Level

Bedrooms 3

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,004

Year Built 1940

Annual Tax Amount $1,897

Tax Year 2025

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Single Family Residence

Property Description

ATTENTION INVESTORS: TURNKEY SECTION 8 CASH COW IN LAKE CORRIDOR POCKET — $1,691/MO WITH NEAR-TERM UPSIDE. 18707 Shawnee Ave is a strong income producer in Cleveland's 44119 lake corridor, now generating $1,691/mo ($1,550 CMHA Section 8 plus $141/mo garage rent), and the current tenant becomes eligible to submit for a CMHA rent-increase request around the first week of July, giving the next owner a near-term shot at higher approved rents without changing occupants. Near the Euclid line, it benefits from high Euclid-influenced rent levels while keeping typically lower Cleveland taxes, and sits on a quiet, well-kept residential street where nearby homes are actively rented and units tend to lease quickly and stay full. Additional upside exists if the dry basement is finished and additional rooms are added to the existing bath setup, which could support higher future rent potential (buyer to verify with CMHA and market data). Turnkey rehab work is done: restored hardwoods, new kitchen flooring, fresh paint, brand-new appliances including a new stove, new sink and hardware, cosmetic refresh, fully fenced backyard, and enclosed detached garage that adds appeal and income. Residents have quick access to I-90, Euclid Beach Park, and Euclid Creek Reservation for lakefront and green space, making this pocket attractive to long-term renters. Lead-based paint testing has been completed and passed (report available), and the property delivers strong DSCR as part of a larger stabilized Section 8 portfolio—ideal for investors seeking immediate cash flow with clear, near-term upside drivers already in motion. Do not disturb tenants; 48-hour notice is required prior to showings (after approved offer)

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling None

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Exterior

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Shingle

Porch Deck, Patio

Private Pool No

Building

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Split Level

Level or Stories Two, Multi/Split

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 114-19-030

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

Advisor | License ID: SAL.2005014281

+1(216) 285-0535

Teri German

18707 Shawnee AVE Cleveland, OH 44119

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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18707 Shawnee AVE