4494 Turney Rd

Cleveland OH 44105

0.12 ac.

Duplex

Currently for sale - view listing

Overview

Turn-Key Side-by-Side Duplex – 11.5% Cash-on-Cash Return Well maintained side by side duplex ideally located in Cleveland near the border of Garfield Heights, an area popular with renters due to easy access to transportation, shopping, the Cleveland Metroparks walking area, and close proximity to downtown Cleveland. Each unit features an open and functional layout with 3 bedrooms and 1 bathroom. This is a true turnkey investment that has been consistently cared for. Both units are occupied by long-term tenants with a strong payment history, providing immediate and reliable cash flow from day one. Investment Highlights Asking price $210,000 Monthly rent collected $2,475 Monthly operating expenses Property management $200 Property taxes $245 Insurance $80 Utilities $250 Vacancy reserve $90 Maintenance reserve $85 Total operating expenses $950 per month Monthly NOI $1,521 Cash-on-cash return 11.5 percent. Strong in-place income, solid tenants, and a desirable location make this a reliable cash-flowing asset. Turn-key duplex that investors can buy and hold with confidence. Some photos may be virtually staged

Features

6 bedrooms

1 bathroom

2 carspaces

2 garage spaces

0.12 ac. lot size

Duplex

Property history for 4494 Turney Rd

2023

Sold

$140,000

03 Jul 2023 by Victor Duqum, of VSD Realty, LLC.

2016

Sold

$73,000

06 Jul 2016 by Dan Krohmer, of Fifth Avenue Realty, Inc.

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