4494 Turney RoadCleveland, OH 44105

4494 Turney RoadCleveland, OH 44105

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$209,900 Pending
Multi Unit - Multiple MLS 5185621 Pending

Listed By

Agency Name: VSD Realty, LLC.
Agency Contact: 216-406-1772, victor@vsdrealty.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

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

4494 Turney Road | MLS# 5185621

This multi-family property located at 4494 Turney Road, Cleveland, OH 44105 is currently listed for sale with an asking price of $209,900. Turney Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Central Air
Days on Market: 22
Garage: 2
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $3,278 / year
Year Built: 1920

Feature Descriptions

Exterior: Vinyl Siding
Parcel#: 134-26-011
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 4494 Turney Road, Cleveland, OH 44105
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,358.49 per month $1,024.10 Principal & Interest $273.17 Property Tax $61.22 Homeowner's Insurance

Change Payment Information

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