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974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo
974 Eddy Road , Cleveland, OH 44108 Photo

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974 Eddy Road Cleveland, OH 44108
$179,900
Active / MLS# 5218533 / Multi Unit - Multiple / Cleveland
8 Beds
3 Baths
3260 SqFt

$3,100+ Projected Monthly Income | $1,000+/Mo Projected Cash Flow | $190K Appraised Value | Fully Renovated | $80K+ Documented Rehab Work | One Unit Occupied | Two Large 3BR Units Ready for Lease-Up Triplex-style multifamily with a full rehab completed across the property, one unit already occupied, and two oversized 3 bed / 1 bath units ready for lease-up. The rehab included major work such as main roof replacement, new furnaces and hot water tanks, interior paint, drywall repairs, kitchen/bath updates, flooring, lighting, doors/locks, and other improvements. The occupied unit is the smaller top-floor 2 bed / 1 bath unit with 635 sqft, currently rented at $700/month and income-producing, providing immediate rental income. The two vacant 3BR units are significantly larger, with 1,335 sqft and 1,290 sqft, and have not been occupied since the rehab work was completed. Estimated rents for the two vacant 3BR units are $1,200$1,300/Mo each based on nearby 3BR comps and property management feedback. Prior appraisal documentation showed a $190,000 appraised value and confirmed the prior scope of work was completed per inspection. Seller can provide appraisal completion documentation and rehab work summary to serious buyers. Final plumbing item remaining, quoted by vendor at approx. $3,335. Seller has already completed the major rehab, and unit prep, absorbing the time, cost, and execution risk of the heavy work. The next investor can step in, button up the final item, move directly into lease-up of the two large vacant 3BR units, and move toward a cash-flowing rental property. Seller-provided investment analysis shows $1,000+/month projected cash flow under sample financing and expense assumptions. Supporting documentation available to serious buyers upon request, including full detailed investment analysis with cash-flow model, expense assumptions, cap rate/DSCR/return metrics, rental comps, appraisal documentation, and completed rehab work summary.

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Mortgage Calculator

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

Estimated Payment

$ 578.33 per month $399.78 Principal & Interest $126.08 Property Tax $52.47 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Basement: Partial
Basement: Yes
Cooling: None
Garage: 4
Heating: Forced Air, Gas
Lot Size: 0.11 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $1,513 / year
Year Built: 1918

Feature Descriptions

Exterior: Vinyl Siding, Wood Siding
Parcel#: 110-12-030
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public

Schools

School District: Cleveland Municipal - 1809

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: Team Results Realty
Agency Contact: 614-382-2124, scottamarvin@gmail.com

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