Homes for sale - 1757 Alcoy RD, Cleveland, OH 44112

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Nicole Ward

nicole@thekeygroupohio.com +1(330) 807-1303

$ 194,900

Est. payment | -/mo

4 Beds

4 Baths

3,786 SqFt

Save

$ 194,900

Est. payment | -/mo

Save

4 Beds

4 Baths

3,786 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

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

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 3,786

Year Built 1910

Annual Tax Amount $2,160

Tax Year 2023

Lot Size 3,201 Sqft

Acres 0.0735

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

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Exterior

Parking Features On Street

Water Access Desc Public

Roof Type Composition,Flat

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 117-01-053

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(330) 807-1303

nicole@thekeygroupohio.com

8316 Cleveland Ave NW, North Canton, OH, 44720, USA

1757 Alcoy RD Cleveland, OH 44112