4153 Rocky River Dr
Cleveland, OH 44135

Sold 7/27/2017
Commercial

WOW! That's all we can say about this opportunity! Get the best of both worlds with this building. You have the opportunity to get Lakewoodesq tenants and rental amounts while only having to pay Cleveland taxes. Kamm's Corners is one of the hottest neighborhoods in Cleveland. There is a huge demand for rental housing with modern amenities in this highly popular neighborhood that caters to college educated professionals. If that was not enough this deal has VALUE ADD written all over it. HIGHLIGHTS 12 Total units 5 1 bedroom apartments 3 Studio apartments 4 Retail storefronts Asking price $299,900 83.33% occupied 4 of the 5 One bedroom apartments are rented for $450/mo. These apartments could rent for $650/mo with a high end renovation All 3 of the studio apartments are rented for $375/mo. These could be increased to $500/mo with a high end loft style renovation 3 of the 4 retail storefronts are rented for $525/mo. These could be increased to $800/mo Current monthly rent at 100% occupancy $5,475 Projected monthly rent with upgraded units & 100% occupancy $7,950 Furnaces are all original Windows are older Roof is 10 years old 2 hot water tanks in the building were replaced in 2011 Owner pays water & sewer for the entire building Owner pays heat for the 8 residential units Commercial units pay for their own heat

Property Details
  • $6,782.00
    taxes
  • 1925
    built
  • 3889795
    MLS#
Hot water heat
Unfinished basement
Lot acreage is: 0.2733
Subdivision: Riverside Manor 03/T M Campb
Frontage: 87
Rubber roof
Public sewer
Public water
Units in building(s): 12
1 Bedroom units: 5
For sale
Courtesy of:
The Holton-Wise Property Group

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Get more info or schedule a showing:
Address Distance Sale date Sale price
4153 Rocky River Dr 0 mi. 7/27/2017 $252,000
3951 Rocky River Dr 0.37 mi. 4/19/2017 $245,000
3871 Riveredge Rd 0.52 mi. 8/31/2017 $205,000
5195 Engle Road 1.81 mi. 3/28/2016 $200,000
3450 West 140th St 1.86 mi. 9/26/2017 $300,000
21475 Lorain Rd 2.05 mi. 6/29/2018 $185,000
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4153 Rocky River Dr, Cleveland, OH 44135 commercial was sold for $252,000.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of CRIS. Real estate listings held by brokerage firms other than Howard Hanna are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).