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About This Home

This 4-bedroom, 2-bathroom residential multi family at 16684 Libby Road in Maple Heights, OH is listed for $189,000 ($93 per sqft). Built in 1965, the home offers 2,030 sqft of living space on a 0.76 acres lot.

Agent Description

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!

Key Features

  • Built in 1965
  • 0.76 acre lot
  • 2 stories

Property Details

2 stories
2 full
1965

Monthly Cost Estimate

$1,011/mo

20% down · 6.5% · 30 years

Principal$137
Interest$819
Insurance$55

Estimates only. Actual payments may vary.

Location

16684 Libby Road

Maple Heights, OH 44137

Property Details

Construction

Brick

Parking

Garage

Heating

Natural GasForced Air

Appliances

DryerRangeRefrigeratorWasher

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 16684 Libby Road is listed at $189,000 ($93/sqft). The estimated monthly payment is $819 based on 20% down at 6.5% interest.

Key features include: Built in 1965, 0.76 acre lot, 2 stories.

This property is listed by Armando Galvez and can be reached at 4406686746 or armandowithremax@gmail.com.

AG

Armando Galvez

Agent at RE/MAX Above & Beyond

(440) 668-6746

Listed by RE/MAX Above & Beyond · View on Broker Site

MLS# 5216583· Source: listhub· Updated 2 days ago

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16684 Libby Road, Maple Heights, OH 44137

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