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For sale 11 days ago

$165,000

4 bd ba 2154 sqft

3816 Bucyrus Ave, Cleveland, OH 44109

Residential Duplex Occupied

Current Rent **

$1,570

Projected Rent **

$1,900

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $785
  • Bedroom: 2 bd
  • Bathroom: 1½ ba
  • Square Footage: 1077 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $785
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1077 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Old Brooklyn Turnkey Duplex. $1,570/month Rent for $170k.

Well maintained, fully occupied, cash flowing duplex in Cleveland's Old Brooklyn neighborhood. The units are both leased for $785/month in total, with room to grow as market rents are ~$950-$1,000/month. Tenants pay their own gas and electric bills, with owners paying for water and sewer. Under professional management which can stay in place after purchase. City of Cleveland Lead Safe Certification is in place. Roof is ~20 years old. Furnaces ~5 years old. Hot water tanks both replaced in the last ~1-2 years. This low maintenance turnkey property is the perfect portfolio builder for investors who are looking to sit back and collect the rent checks. No seller financing. No wholesalers. Offers with assignment clauses will be rejected. Contact me for a video tour of the property.

Location:

3816 Bucyrus Ave, Cleveland, OH 44109

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.