Listed By
Agency Name: Russell Real Estate Services
Agency Contact: hamzahnajar09@gmail.com, 216-406-3186
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Excellent opportunity to acquire a fully occupied 5-unit apartment building located in the Forest Hills neighborhood. All five units feature 2 bedrooms and 1 bathroom, providing a highly desirable and consistent unit mix for tenants. The property currently generates $4,879/month in gross rental income, with tenants responsible for gas and electric, helping minimize owner expenses. Recent improvements include newer HVAC systems, updated flooring, plumbing, bathrooms, kitchens, windows, roof, landscaping, and one unit was recently fully remodeled, making this a strong turnkey, low-maintenance investment opportunity with a proven rental history. The property is conveniently located near local parks, shopping, dining, public transportation, and major freeway access, with quick access to Downtown Cleveland and surrounding employment centers. The Forest Hills area offers a strong rental market with walkability to neighborhood amenities and nearby retail conveniences, supporting long-term tenant demand. Ideal opportunity for investors seeking immediate cash flow with additional upside potential through future rent optimization.
Property Features
Property Type: Commercial - Business
Basement: Unfinished
Basement: Yes
Cooling: None
Days on Market: 6
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt, Fiberglass, Shingle
Stories: 3.0
Taxes: $2,723 / year
Year Built: 1918
Feature Descriptions
Fencing: Back Yard
Parcel#: 110-04-050
Parking: On Street
Sewer: Public Sewer
Units: 5
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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630-634 Eddy Road | MLS# 5208276
This commercial property located at 630-634 Eddy Road, Cleveland, OH 44108 is currently listed for sale with an asking price of $325,000. 630-634 Eddy Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.hawksnestcrossing.com today.