883 Alhambra Rd

Cleveland, OH 44110
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4 bd, 2 ba | 3,648 sqft | Built in 1916

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List Price
$129,000

$5.9K

Initial Investment

$35,153

Purchase Price

$129,000

Down Payment

25%

Rent

$660

Total Return

$23,705

Annualized Return

9.9%

Cap Rate

3.8%

Gross Yield

6.1%

Cash Flow

-$2,449

Appreciation

5.1%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Property Type

Duplex

Lot Size

3,360

HOA

None

Flood Risk

Not Required

883 Alhambra Road presents a rare opportunity to own a turnkey duplex in a desirable location. With two well-appointed units, each offering two bedrooms and one bathroom, this property promises comfortable living spaces and a steady rental income. Unit 1 is currently occupied, generating a reliable monthly income of $795. As for Unit 2, it presents an exciting opportunity for prospective tenants or homeowners. This freshly renovated unit is now available and is being marketed for $895 a month, offering the chance to capitalize on its attractive features and pristine condition. With a similar layout to Unit 1, tenants can expect the same level of comfort and convenience. Whether you're an investor looking to expand your portfolio or a homeowner seeking additional rental income, this duplex is sure to impress. Don't miss out on the chance to make this property yours – schedule a showing today!

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$7,521

Expenses

-$1,784

Property Taxes

-$1,172

Loan Payments

-$7,013

Net Cash Flow

-$2,449

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Alex Johnson
Agent License 2007002717
Real Estate Quest, LLC
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5024065
Last Updated: 04/17/2024 00:04
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