1757 Alcoy RD Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44112
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,786 sqft
Price per Sqft $51
Subdivision R C Mott Heirs
MLS Listing ID 5051239
Bedrooms 4
Full Baths 4
Year Built 1910
Annual Tax Amount $2,160
Tax Year 2023
Lot Size 3,201 Sqft
Property Description
Discover an incredible investment opportunity with this 4-unit property in Cleveland! Two units are currently occupied bringing in $1,350 per month with a proforma monthly rental income of $2,700. Tenants handle their own electric and gas, while the owner covers water and sewer. With a proforma cap rate exceeding 10%�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 this potentially extremely profitable�addition to your portfolio!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air,Gas
Cooling None
Exterior
Garage On Street
Waterfront No
Roof Type Composition,Flat
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard