16816 Talford Avenue, Cleveland, OH 44128

Property Description

ATTENTION INVESTORS: TURNKEY SOUTHEAST CLEVELAND SECTION 8 CASH COW — $1,925/MO WITH UPSIDE. This strong performing SFH at 16816 Talford Ave is rented at $1,925/mo through CMHA Section 8 with 100% subsidy and no tenant portion, delivering guaranteed government-backed income in a southeast Cleveland pocket (near the Heights without the extra taxes) where median rents in 44128 run above many nearby zips and demand for single-family rentals is solid. Located on Talford Ave, a tree-lined street of well-kept colonials with long-term owners and recent retail-quality sales nearby, the home sits in one of the more attractive blocks of 44128, helping units lease quickly and stay full. Major CapEx has already been handled, including a complete brand-new sewer system from basement to street (about $20,000, fully permitted and approved by the City of Cleveland) plus a new electrical panel (old Federal Pacific panel removed), refinished hardwoods, updated bath, full interior repaint, refreshed bedrooms and basement, and a large rear patio on a high-visibility corner lot—plug-and-play for the next owner. A rent-increase request has already been submitted to CMHA. Cleveland’s Southeast Side Promise and other targeted initiatives are driving reinvestment into this area, adding support for long-term value and neighborhood stability around streets like Talford. Lead-based paint testing has been completed and passed (report available), and the property is part of a larger stabilized Section 8 portfolio, making it an ideal acquisition for both first-time and seasoned investors looking for clean numbers, low CapEx risk, and a straightforward high-cashflow hold. Do not disturb tenants; 48-hour notice is typically required for showings, often after accepted offer.