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16684 Libby Rd

Maple Heights OH 44137

4
2
2
2030 sq. ft.
0.76 ac.
Duplex
Currently for sale - view listing

Overview

Attention investors and house hackers! Welcome to 16684 Libby Rd, a rock solid, brick front duplex in Maple Heights designed to deliver immediate, hassle free cash flow from day one. This property features a highly functional layout, a spacious paved driveway, and a large backyard perfect for tenant enjoyment. The lower unit is currently occupied by a reliable tenant generating $987 per month and is locked into a stable lease through January 2027. Meanwhile, the upstairs unit brings in $992 per month on a flexible month to month agreement, offering a savvy buyer the perfect setup to either keep cash flowing smoothly or move in and live practically for free while the downstairs pays the mortgage. What truly sets this multi-family asset apart is its exceptional alignment with smart leverage strategies. Generating a combined gross monthly income of $1,979, this property sits in a prime sweet spot for investors looking to utilize Debt Service Coverage Ratio (DSCR) financing. This strong revenue stream easily satisfies the classic 1% Rule (where monthly rent equals or exceeds 1% of the purchase price) making it incredibly easy for the property’s own income to qualify for the mortgage without relying on your personal debt to income history. Beyond the numbers, this duplex is packed with practical amenities that ensure long term tenant satisfaction and minimal overhead. The bright, classic kitchens offer ample cabinetry and functional layouts, and the property features a gorgeous, window lined sunroom that makes a perfect bonus space. Adding massive value to the bottom line, the shared basement conveys complete with a commercial grade, card payment washer and dryer system. This setup completely eliminates the headache of dealing with quarters while providing a steady, built in stream of secondary ancillary income. Don't miss out on adding this turnkey, income producing powerhouse to your portfolio!

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
2030 sq. ft. floor area
0.76 ac. lot size
Duplex

Property history for 16684 Libby Rd

2015
Sold
$22,000
11 Mar 2015 by John Vrsansky, Jr., of On Target Realty, Inc.

Happy sellers in Maple Heights

~%

We have insufficient information to provide an overview of customer satisfaction for Maple Heights. Viewing the agent profiles, reviews and sales for Maple Heights can provide insights for this location.

Local market activity for 4 bedroom duplexes in Maple Heights

In the last 12 months, 1 four-bedroom duplex similar to 16684 Libby Rd, have been sold.

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Sales:
(619) 566-0008
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