16684 Libby RD Maple Heights, OH 44137
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,030 sqft
Price per Sqft $93
MLS Listing ID 5216583
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,030
Year Built 1965
Annual Tax Amount $4,417
Tax Year 2025
Lot Size 0.760 Acres
Acres 0.76
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
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!
Location
State OH
County Cuyahoga
Direction North
Rooms
Basement Common Basement, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Exterior
Parking Features Detached, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
View Y/N Yes
Water Access Desc Public
View Trees/Woods
Roof Type Asphalt,Fiberglass
Accessibility None
Private Pool No
Building
Lot Description Wooded
Faces North
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Maple Heights Csd - 1818
Others
Tax ID 781-23-036
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Jay Goodman
Broker Associate, Owner, Agent | OH, WV & PA | License ID: BRKP.2012000489