Company Logo
SIGN UP LOGIN
16684 Libby Road, Maple Heights, OH 44137 Photo
16684 Libby Road Maple Heights, OH 44137
$189,000
Active / MLS# 5216583 / Multi Unit - Multiple / Maple Heights
4 Beds
2 Baths
2030 SqFt

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!

Read More » Read Less »

Mortgage Calculator

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Estimated Payment

$ 843.21 per month $420.00 Principal & Interest $368.08 Property Tax $55.13 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Basement: Common Basement, Unfinished
Basement: Yes
Cooling: None
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.76 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $4,417 / year
Year Built: 1965

Feature Descriptions

Accessibility: None
Appliances: Dryer, Range, Refrigerator, Washer
Exterior: Brick
Lot: Wooded
Parcel#: 781-23-036
Parking: Detached, Garage, Paved
Sewer: Public Sewer
View: Trees/Woods
Water: Public

Schools

School District: Maple Heights City

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: RE/MAX Above & Beyond
Agency Contact: armandowithremax@gmail.com, 440-668-6746

Login to My Homefinder

Get Pre-Approved!

Get Pre-Approved

Pixel