13416 Casper RD Cleveland, OH 44110
6 Beds
2 Baths
1,954 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,954 sqft
Price per Sqft $20
Subdivision Glenhaven Sub
MLS Listing ID 5259383
Bedrooms 6
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,954
Year Built 1916
Annual Tax Amount $1,084
Tax Year 2025
Lot Size 5,279 Sqft
Acres 0.1212
Property Sub-Type Duplex
Property Description
Investors, this is the one you build your way. 13416 Casper Rd is a duplex with two 3-bedroom, 1-bath units in Cleveland's Collinwood neighborhood, priced at just $39,900. It's a blank canvas: you control every finish, every system, and every dollar instead of inheriting someone else's shortcuts.
The opportunity: Do the rehab once and do it right, with a new roof, mechanicals, electrical, plumbing and finishes, and you own a property with no expected capital expenditures for years. Lower maintenance, fewer surprises, and more of every rent check in your pocket.
The numbers: With an estimated $90K-$100K rehab, you're all-in around $130K-$140K on a property with an estimated $170K ARV, creating $30K-$40K in equity. Renovated 3-bed units in 44110 rent for $1,250-$1,450, and CMHA's 3-bedroom voucher standard is around $1,559. That projects $30,000-$34,800/year in gross rent and a 13-17% cap rate on your all-in cost, even with professional management.
The strategy: Buy, renovate, rent, then refinance at ARV to pull most of your capital back out and repeat (BRRRR). Two 3-bedroom units mean two income streams and cash flow even with a vacancy.
Location: Steady rental demand, quick access to I-90 and downtown, minutes from Lake Erie and the Waterloo Arts District.
Deals with this kind of spread are hard to find. Bring your contractor and your vision. Schedule your showing today!
“All projections are estimates based on market data; buyer to verify rents, rehab costs, ARV and expenses.”
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating None
Cooling Other
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Story 4
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 111-23-043
Special Listing Condition Standard
Nearby Locations
CEO, REALTOR, CLHMS - Certified Luxury Home Marketing Specialist™ Real Estate Sales License 2014003328
+1(216) 973-1402 | michael.henry.oh@exprealty.com