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
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