1690 Eddington Road
Cleveland Heights, OH 44118

Listed at $600,000

Details

  • MLS# 5104968
  • Commercial - Business
  • Status Pending
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 0.110 acres
  • Built in 1930
  • Cleveland Hts-Univer - 1810 Local Schools

Description

Incredible opportunity to purchase a newly rehabbed and turnkey 11 (potentially 12!) unit apartment building in one of Cleveland's hottest east side suburbs! Located right in Coventry Village, this property's proximity to schools, entertainment and employment is second to none. Just seconds walk to all the entertainment Coventry Village has to offer and minutes drive to Little Italy, Cedar Hill, Case Western Reserve, University Hospitals and Cleveland Clinic, this property is positioned for long term stability, consistently high occupancy, rent growth. The owner has refreshed nearly every unit at the property. In addition, owner ship has...read more painted the common areas, rebuilt exterior stairways, and installed all new vinyl windows. Professional management that is extremely familiar with the building and area, are already in place. Current management would like to stay on and offer a seamless transition for a new owner. Currently 10 units are leased (grossing about $7,300 per month), with the one vacancy nearly rent ready. In addition, there is a potential 12th unit currently used for storage that a buyer can convert for additional income! Proforma, this property has the potential for over $75,000 annually in NOI. At a 7% cap rate, thats a proforma value of over $1M! Tenants are responsible for their own electric and gas, the owner is responsible for water/sewer, gas for the boiler heat, common electric and trash.

Features

  • Hot Water, Steam
  • $17,847 / year Taxes
  • Public
  • Built in 1930
View All Features

Photo Gallery

View Slideshow

Contact the Agent

Contact the Listing Agent
Real estate agents ready to serve you | Browse homes and real estate for sale
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 2:14:02 AM EST) or MLS NOW (last updated Sat 03/14/2026 12:17:38 AM EST). Real estate listings held by brokerage firms other than Progressive Urban Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
IDX logo
© MLS Now, INC - Northern Ohio Regional Multiple
Listing data compilation and photo(s) © 2026 - Multiple Listing Service, Inc. – All Rights Reserved
The photos may be altered, edited, enhanced or virtually staged.
Privacy Policy / DMCA Notice / ADA Accessibility
Federal Housing Equal Opportunity Realtor
This site is hosted, designed and copyright © 1994 - 2026 by Delta Media Group, Inc. -- Patent Pending --
   Sitemap   

Property Image 1
Property Image 2
Property Image 3
Property Image 4
Property Image 5
Property Image 6
Property Image 7
Property Image 8
Property Image 9
Property Image 10
Property Image 11
Property Image 12
Property Image 13
Property Image 14
Property Image 15
Property Image 16
Property Image 17
Property Image 18
Property Image 19
Property Image 20
Property Image 21
Property Image 22
Property Image 23
Property Image 24
Property Image 25

All Property Features

  • Property Type: Commercial - Business
  • Days on Site: 369
  • Heating: Hot Water, Steam
  • Lot Size: 0.11 Acres
  • Parcel#: 684-02-019
  • Sewer: Public Sewer
  • Taxes: $17,847 / year
  • Water: Public
  • Year Built: 1930