JoinServicesInsightsPeopleAbout Us
USAOHClevelandRockport Homes4237 Rocky River Dr
4237 Rocky River Dr, Condo with 0 bedrooms, 0 bathrooms and 15 parking in Cleveland OH | Image 1
Link Copied
$1,099,000

4237 Rocky River Dr, Cleveland, OH

Condo

For Sale

$--,---,---
0015
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size  sqft
Garage No
Maintenance Fees 
Taxes $24,730
Days Active 63
Approx. Age 1948
MLS® Number 5083766

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Investment Opportunity in Prime Kamm’s Corner Location! Come SEE this all brick 2 story - 15) unit property which consists of 8) large 2 - Bedrooms / 1 Baths units and 7) 1- Bedrooms / 1 Baths units. This asset offers a rare opportunity in a highly sought-after westside location near public transportation, major highways, and job hubs such as Cleveland Hopkins International Airport and Cleveland Clinics Fairview Hospital. Most units have been updated - featuring refinished hardwood floors in living spaces, new LVP flooring in kitchens and tiled bathroom floors and surrounds, added LED lighting in several units along w/ upgraded breaker panels. Several units are achieving market rents of $850 per 1) Bed & $975 per 2) Beds these are strong rents for area. UPDATES: Newer shingled roof (full tear-off) and added insulation 5/2022, roughly 10 units have had full renovations, and the balance of the units have been nicely updated. Mechanicals: Boiler was rebuilt in 2023, along with about 65% cast iron feed & return lines, Boiler Tech Added: Weil McLein low water shut-off, auto water feeder, Tekmar Boiler Smart Control with int. / ext. Sensors for water/gas efficiencies. Cosmetics & Interior Common: 2023 main entry vestibules, hallway flooring 2x 2 carpeted tile, low consumption water fixtures. Exterior Grounds: Sealed and striped parking lot in 2022 as well as two sewer stacks replaced from basement to attic. Property offers private off-street parking at 1:1 for tenants. Income Opp: (20) storage units ($10 ea. X $20 or $2, 400 annual) & laundry for added income estimated at $1, 300 annually. Investor can add value by with soft rentals increases on longer-term tenants. This property is well-positioned for long-term success w/ projected proforma income of $ 168, 580 Don’t miss this opportunity for a solid, passive investment in Cleveland’s vibrant Kamm’s Corner neighborhood. Ask to see the “Actual and Proformas” financials for this asset.Show Description
-
No Data
Walk Score®
-
No Data
Transit Score®
-
No Data
Bike Score®
MLS® Number5083766
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1948
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHot Water, Steam
A/C
Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing