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881 Eddy Rd 9 Unit Apartment Building $225,000 ($25,000/Unit) Cleveland, OH 44108
EXECUTIVE SUMMARY
Discover the potential in this 9-unit multifamily building located at 881 Eddy Rd, just moments from University Circle, major hospitals, and downtown Cleveland. The property features seven spacious 1-bedroom units and two 2-bedroom units, offering a versatile mix ideal for strong rental demand in this high-growth corridor. This building requires significant renovation, making it a perfect fit for an investor seeking a value-add project with substantial upside. With the right vision, upgrades, and repositioning, this property can generate impressive long-term cash flow.
PROPERTY FACTS
| Price | $225,000 | Apartment Style | Low-Rise |
| Price Per Unit | $25,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 9 | Building Size | 7,641 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | 2F - Commerical Building | ||
| Price | $225,000 |
| Price Per Unit | $25,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,641 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | 2F - Commerical Building |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 110-11-050 | Improvements Assessment | $101,745 |
| Land Assessment | $1,750 | Total Assessment | $103,495 |
PROPERTY TAXES
Parcel Number
110-11-050
Land Assessment
$1,750
Improvements Assessment
$101,745
Total Assessment
$103,495
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881 Eddy Rd
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