647 Eddy Road, Cleveland, OH 44108
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by:michael a balamenti
Office:power house realty
MLS#:5165439
Source:OH_NORMLS
Price summary
- Price:$379,900
- Price per sq. ft.:$82.02
About this home
100% turnkey and ready Ca$h Cow! Better than new 4632 SQFT quad unit apartment building! Must see to believe the meticulous craftsmanship and professional quality! Each unit has 5 rooms, 2 bedrooms and 1 bathroom, 1158 SQFT each. Seller has completely gutted the entire building and rebuilt it. All new mechanical systems include PVC drains, copper feed lines, gas lines, Romex wiring, all separate updated panel boxes and meters. Furnaces, ductwork and power vent hot water tanks all 2022. Rebuilt porches front and back, roof 2015, Alside Mezzo double hung vinyl windows 2020, double Dutch lap vinyl siding 2021. All 4 interior units have been redone in the last 2 years. Updates include insulation, drywall, millwork, interior and exterior doors, vinyl plank flooring electrical and plumbing fixtures, kitchens, bathrooms, hardware, double racked closets kitchen appliances include stoves, refrigerators, garbage disposals and more! With 25% down at 7.25 interest rate there is a 14.31% cash on cash return (ROI) and a 10.17% Cap Rate!
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Home facts
- Year built:1918
- Listing ID #:5165439
- Added:16 day(s) ago
- Updated:November 03, 2025 at 03:09 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Living area:4,632 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1918
- Building area:4,632 sq. ft.
- Lot area:0.14 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$379,900
- Price per sq. ft.:$82.02
- Tax amount:$2,999 (2024)
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