Investor-ready, cash-flowing huge 6-bedroom / 2-full-bath property with a Section 8 tenant already in place, producing $1,214 per month in guaranteed, government-backed rental income — with the tenant paying ALL utilities.
Located in Cleveland’s highly sought-after Central area, this property is within walking distance to Downtown Cleveland, making it especially attractive for long-term tenant demand and future appreciation.
The home features vinyl replacement windows, a welcoming front porch, and a rear deck for added livability. The basement is protected by a sump pump to help ensure a clean, dry lower level, helping reduce maintenance risk and protect your investment.
This is a true turn-key, income-producing asset with the stability investors want — a current Section 8 lease providing reliable, consistent monthly income backed by a government housing program, significantly reducing vacancy and payment-default risk.
Value-add opportunity:
There is potential to submit a rental increase request with CMHA, offering built-in upside without requiring renovations.
With a rare 6-bedroom layout, strong location near downtown, and dependable government-supported income, this property is an excellent buy-and-hold opportunity for investors seeking steady cash flow with future rent growth potential.
Features
6 bedrooms
2 bathrooms
1979 sq. ft. floor area
crop_free0.11 ac. lot size
cottageSingle-Family
Property history for 2193 E 35th St
2024
Sold
$93,000
15 May 2024 by Brian Jackson, of Keller Williams Living
2018
Sold
$50,000
19 Dec 2018 by David Petrella, of Coldwell Banker Schmidt Realty
2018
Sold
$50,000
19 Dec 2018 by David Petrella, of Coldwell Banker Hunter Realty - Westlake
Happy sellers in Cleveland
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Local market activity for 6 bedroom single-family properties in Cleveland
Sold
For Sale
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