Kate Darrah
REALTOR®
MLS#5208276
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONAdams Realty Cos Speedway Park
SCHOOLCleveland Municipal - 1809
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
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $2,723 / year
Year Built: 1918
Feature Descriptions
Days on Site: 3
Fencing: Back Yard
Parcel#: 110-04-050
Parking: On Street
Sewer: Public Sewer
Units: 5
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: hamzahnajar09@gmail.com, 216-406-3186
Shown By
Agent Name: Kate Darrah
Agent Phone: (330) 354-7419
Agency Title: DeHOFF REALTORS
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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 kdarrah.dehoff.com today.