1757 Alcoy Road, Cleveland, OH 44112

$194,900
4
BD
4
BA
3,786
SqFt
List Price
$194,900
Status
PENDING
MLS#
5051239
Year Built
1910
Bedrooms
4
Bathrooms
4
Living Area
3,786
Region
Cleveland
Township
Cleveland
Subdivision / Building
R C Mott Heirs

Property Description

Discover an incredible investment opportunity with this cash-flowing 4-unit property in Cleveland! Fully occupied, each 1 bed/1 bath unit rents for $675, bringing in a total of $2,700 per month. Tenants handle their own electric and gas, while the owner covers water and sewer. With a cap rate exceeding 10% and over a 17% cash-on-cash return, this property has potential for substantial returns. Recent updates include 4 new furnaces and water tanks, some fresh carpet, paint, flooring, and small touches to kitchens and bathrooms to make the units rent ready. Don't miss out on this chance to secure a profitable addition to your portfolio!

Additional Information

Taxes
$2,160
Acres
0.07
Sewer
Public Sewer
Roof
Composition, Flat
Water
Public
Heating
Forced Air, Gas
Cooling
None
School District
Cleveland Municipal - 1809

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

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