Active

4400 Rocky River Drive

Cleveland OH, 44135

$2,500,000


Active

Commercial

Built in 1956

Fully occupied, 27 unit apartment building around the corner from the VERY hot Kamm's Corner neighborhood! Ideally located next to
all public transportation and infinite job opportunities, 7 min from the airport and near both major westside highways. Over 25 units
have been renovated to include new lvp floors, paint, and more. Market rent is $875/ mo. and many units are getting that already. The
owners have also started implementing a utility charge to new leases. At this time, 10 of the units pay an average of $90/mo towards
utilities. At that rate, you could reduce your expenses by nearly $2500/ mo or $30,000/ year once all units have it written into the lease.
GREAT location and truly passive investment on Cleveland's westside. Owner will look at all offers. Sellers are offering additional
commission- contact agent for more details.

4489128

MLS ID

September 18, 2023

Listed

May 9, 2024

Updated

Map

4400 Rocky River Drive
Cleveland OH, 44135

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Hot Water, Steam

Exterior/Building Features

Lot Size

0.71 Acres


Roof

Flat


Sewer

Public Sewer

School Information

School District

Cleveland Municipal - 1809

Other Property Details

Taxes

$22,562


Tax Frequency

Annually


Days on Market

154


Garage

No


Parking

Driveway, Paved


View

No


County

Cuyahoga


Municipality

Cleveland


Water Source

Public


Pool

No


Buyer Agency Compensation

3%

 

Courtesy of Keller Williams Citywide

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor CPD Homes, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Yes Multiple Listing Service, Inc. All rights reserved.

Powered byLuxury Presence