$194,900

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1757 Alcoy Road Cleveland, OH, United States 44112

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!

Amenities

  • Bedrooms: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 0
  • Property Type: Residential
  • Architectural Style: Other
  • Year Built: 1910
  • Built in 1910
  • Home size: 3,786 ft2 / 351.73 m2
  • MLS: 5051239
  • Status: Pending
Copyright © 2024 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Russell Real Estate Services

(800) 556-6530

Get more listing details on brokerage site

Presented by Tal Tamir

  • (440) 526-9400
  • (440) 526-9400 (Office Phone)

Contact Tal Tamir

Contact Agent

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