Address
4400 Rocky River Dr, Cleveland, OH
Price
$ 2,500,000
Property Attributes
- MLS#4489128
- TypeCommercial
- CountyCUYAHOGA
- CityCleveland
- NeighborhoodRockport
- Zip44135
- Style
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.7051 Acres
Data Source:
MLSNow
Property Description
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.
| Price History | |
|---|---|
| 9/18/2023 | Listed $2,500,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Association Y/N | No |
| Attached Garage | No |
| Basement | None |
| Carport Y/N | No |
| City | Cleveland |
| County | Cuyahoga |
| Days on Market | 2 |
| Directions | Between Puritas and Kamm's Corners |
| Garage Y/N | No |
| Heating | ForcedAir, HotWater, Steam |
| Home Warranty Y/N | No |
| Insurance Expense | 750.0 |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Levels | Two |
| Maintenanceexpense | 1010.0 |
| Mobilehomeremainsyn | No |
| New Construction | No |
| Occupancy Description | Vacant |
| Percent Ownership | Resident |
| Possession | DeliveryOfDeed |
| Property Attached Y/N | No |
| Property Sub Type Additional | Apartment |
| Property SubType | Apartment |
| Property Type | CommercialSale |
| Rent Control Y/N | No |
| Roof | Flat |
| Senior Community Y/N | No |
| Sewer | PublicSewer |
| Standard Status | Active |
| Status | Active |
| Stories | 2 |
| Street Name | Rocky River |
| Subdivision Name | Rockport Sec 08 |
| Total Actual Rent | 20218.0 |
| Township | Cleveland |
| View Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/4400-Rocky-River-Drive-Cleveland-OH-44135/unbranded |
| Waterfront Y/N | No |
| Year Built | 1956 |
| Year Built Details | Actual YBT |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Drive |
| Total Stories | 2 |
Exterior Features
| Buyer Agent Compensation | 3% |
|---|---|
| Building Area Total | 0.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 0.7051 |
| Lot Size Area | 0.7051 |
| Lot Size Units | Acres |
| Open Parking Y/N | No |
| Parking Features | Driveway |
| Spa | No |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 44135
Price
Visits
Year Built
