Property Description

Great investment property. This duplex is move in ready. Half occupied, the unit is receiving $1,250 a month. The other unit is vacant and is expected to bring another $1,250 which would be a combined total of $2,500 monthly. The property has a two new furnace and two new hot water tanks as of 2025. These estimates are conservative since CMHA will pay $1,683 for a 3 bedroom unit. That would bring monthly rent to $3,366 potentially or $40,392 annually. The exterior has been painted and all lead issue eliminated. Just add this to your portfolio, place tenants and collect rent. Huge Income potential. The seller would prefer to sell the property AS-IS. Come and check it out today!! Please no wholesalers or assignment of contracts. The seller will not entertain owner financing. Prefer to sell property AS-IS. Down Unit is Currently Tenant occupied. No showings without an accepted offer. Only show 2nd floor and common areas at this time.

1000 Eddy Road | MLS# 5187987

This multi-family property located at 1000 Eddy Road, Cleveland, OH 44108 is currently listed for sale with an asking price of $175,000. Eddy Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Full, Concrete, Unfinished

Basement: Yes

Cooling: None

Days on Market: 8

Heating: Forced Air

Lot Size: 0.10 Acres

Roof Type: Asphalt, Fiberglass, Shingle

Stories: 2.0

Taxes: $1,454 / year

Year Built: 1918

Amenities

Built-in Features

Ceiling Fan(s)

Other

Storage

Lighting

Other

Private Yard

Feature Descriptions

Accessibility: None

Community Features: Curbs, Laundry Facilities, Street Lights, Sidewalks

Exterior: Vinyl Siding, Wood Siding

Fencing: Partial

Laundry: In Basement, Other

Lot: Back Yard, City Lot, Front Yard, Private

Parcel#: 110-12-026

Parking: Driveway, No Garage, Off Street, On Street

Security: Smoke Detector(s)

Sewer: Public Sewer

View: City

Water: Public

Window: Blinds

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1000 Eddy Road, Cleveland, OH 44108

Fips

Fips Code 39035

Population

2020 to 2023 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2023 Estimate (V2023) 1,233,088

2020 Estimate (V2023) 1,264,775

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 20.3%

18 to 64 54.8%

65 and Older 19.6%

Gender

Male 48.1%

Female 51.9%

Place of Birth

Foreign 7.6%

US 92.4%

Education

High School Graduate, Age 25+ 90.9%

Bachelor's Degree or Higher, Age 25+ 35.2%

Computer and Internet use

Households with a computer 92.0%

Households with a broadband Internet subscription 85.7%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 60,427

Income

Per Capita Income $39,807

Median Household Income $60,074

People in Poverty 16.6%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 552,421

Average Household Size 2.23

Owner-Occupied 58.4%

Multi-Family 34.9%

Owner-Occupied Median Value $168,700

Median selected monthly owner costs -with a mortgage $1,472

Median selected monthly owner costs -without a mortgage $630

Median gross rent $952

Building Permits

New Private Housing Issued 2023 1,028

Years at Residence

1 Year or More 86.1%

Less Than 1 Year 13.9%

Business and Employment

Private non-farm Establishments 31,738

Private non-farm Employment 631,443

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 105,877

Number of Firms 114,192

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,026.03 per month $853.83 Principal & Interest $121.17 Property Tax $51.04 Homeowner's Insurance

Change Payment Information

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