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Backup Offers

942 Eddy Rd, Cleveland, OH, 44108

$55,000

Home List Price

$653*

Closing Credit

6 Bedrooms
3 Full Baths
Multi

Location

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942 Eddy Rd, Cleveland$55,000

Buyer Closing Credits

$653*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingPaved, On Street
Year Built1918
HeatingForced Air
CoolingNone
BasementYes
MLS #5084602
Lot Size0.11 Acres
StatusAccepting Backup Offers
(Contingent)

About 942 Eddy Rd

This triplex is a fantastic investor special located on Cleveland's East Side, just minutes from I-90 and MLK Blvd. Featuring three units, each with 2 bedrooms and 1 bathroom, this property offers an exceptional opportunity to generate rental income. The first-floor unit is currently cash-flowing, making it an ideal choice for investors looking for immediate returns. With some updates, the remaining units have the potential to boost rental income even further. Located on Cleveland’s East Side, this property is just minutes from I-90 and MLK Blvd, providing easy access to local amenities, schools, parks, and public transportation. The location is prime for future appreciation and growth, with convenient access to major highways. Whether you're a seasoned investor or just starting, this property provides a steady income stream with the potential for future appreciation. Don’t miss out on this incredible opportunity to add a cash-flowing asset to your portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1918

Listing Office:

  • Office Name: DreamTeam Realty, Inc.
  • Office Phone: (440) 644-0322
  • Listing Agent: Janajah Bragg

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Paved, On Street

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Keys are only to be uses for 2nd and 3rd floor units. PLEASE lock up after showing! This property is tenant occupied. 1st floor unit will only be shown to buyer with accepted offer!

Price Information

Listing Price Info

Price Summary:

  • List Price: $55,000

Tax Information:

  • Annual Amount: $668
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cleveland, OH.

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Cleveland, OH

City

Med. Sold Price

$165K

Med. Price/SqFt

$100

Avg. Days On Market

41

# of Sold Homes

629

942 Eddy Rd vs Cleveland

35 DAYS ON ROCKET

-6 Days

$55,000

-$110K Less

KEY TAKEAWAY

This property is $110K less than the Median Sold Price in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5084602

Listing Office:

  • Office Name: DreamTeam Realty, Inc.
  • Office Phone: (440) 644-0322
  • Listing Agent: Janajah Bragg

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 25, 2010Home Sold
$40,000
Jan 11, 2007Home Sold
$14,900
Sep 14, 2004Home Sold
$69,900

Tax History

YEARPROP. TAXASSESSMENT
2020$668$7,560
2019$618$7,560
2018$616$7,560
2017$1,000$11,830

History based on county public records data.

Payment Calculator

$342

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$231

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4262172
3
/10

  • Mayfair Elementary School

  • 13916 Mayfair Ave

  • 0.61 miles

  • Public District Grades 3-5

school-card-donut-4262173
5
/10

  • Boulevard Elementary School

  • 1749 Lee Rd

  • 2.08 miles

  • Public District Grades KG-5

school-card-donut-4262174
6
/10

  • Roxboro Elementary School

  • 2405 Roxboro Rd

  • 2.66 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,944. Typical income of Cleveland, OH residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44108›942 Eddy Rd

This home is located at 942 Eddy Rd in Cleveland, OH and zip code 44108 in the Glenville neighborhood. This home, which was built in 1918, sits on a 0.11 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $55,000.

While more than 223 listings in Cleveland, OH in November 2024 were sold above asking price, there were more than 96 listings sold at asking price, and more than 310 were sold below. The number of listings in Cleveland, OH decreased by 4.7% between October 2024 and November 2024. The median list price of listings available in November 2024 was $165,015, while the average time on the real estate market was 41 days.

From Rocket Homes Real Estate and based on county public records data.

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