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1600 Eddington Rd, East Cleveland, OH, 44118

6beds
2baths
4,110sqft
$235,000
$57price/sqft
$2,156/moest. monthly cost
$86,240/yrincome needed

About This Home

Step into a Prime Investment opportunity, with a significant positive ROI cash flow. This property has been enhanced with brand-new insulated vinyl windows, fresh exterior siding and updated gutters ensuring lasting curb appeal and years of low to no maintenance functionality. Inside both spacious units are occupied by long term approved CMHA tenants generating a reliable $3250.00 in monthly rents. Third bedroom in each unit is tandem. Major systems have been thoughtfully modernized-- electrical, plumbing updates throughout providing another level of low maintenance investment. The third floor offers a blank canvas and with some vision and updates could dramatically increase the rentability and profit margin for any investor. The home provides newer furnaces, hot water tanks as well as updated electrical panels, GFCI's and all the modern conveniences approved by CMHA. The property has been thru the Lead Safe compliance process and has certification. Property can be POS compliant at time of transfer. Don't miss this easy investment opportunity, the work has been done, long term approved tenants are in place, just take over and start adding to your investment portfolio !! The home is located near the vibrant Coventry Historic district in Cleveland Heights, close to University Circle and world class health care at the Cleveland Clinic. The redevelopment and of this area is evident on every corner, this is an amazing opportunity to get in early on the transformation of this district. Leases and all information provided upon request, showings scheduled with acceptable offer and financing documentation in place.

Getting Around

68
WalkingSomewhat Walkable
42
TransitSome Transit
57
BikeBikeable

Schools

4/10
5/10
Heritage Middle SchoolGrades 6-80.9 mi
4/10
Shaw High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1923

Materials

  • Foundation: Block
  • Roof: Asphalt,Fiberglass
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Laundry features: Common Area,In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Concrete,Walk-Up Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Window features: Double Pane Windows,Insulated Windows
  • Finished area below ground: 1,370
  • Finished area above ground: 2,740

Heating & Cooling

  • Heating features: Forced Air,Gas
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 4,110
  • Total interior livable area: 4,110 sqft

Property

Details

  • Parcel number: 67227066
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Rain Gutters

Lot

  • Lot size: 5,314 sqft

Parking

  • Parking features: On Site,Off Street