4400 Rocky River Drive Cleveland, OH $ 2,500,000
4400 Rocky River Drive
$ 2,500,000
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4400 Rocky River Drive

Cleveland, OH, 44135
$ 2,500,000
Baths0.0

Monthly Estimate*

$ 17,463

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Studio

Commercial Property for sale in Cleveland, OH

for $2,500,000. This building was built in 1956 on a lot size of 0.7051.

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.

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Commercial Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 22,562

Style

Lot Size

0.7051

Year Built

1956

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

4489128

Features
General
Sewer PublicSewer
Heating ForcedAir HotWater Steam
Possession DeliveryOfDeed
Roof Flat
Year Built 1956
Township Cleveland
Property SubType Apartment
HOA Fee 2 1010.0
County Cuyahoga
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Rockport Sec 08
Garage Y/N N
Status Active
Directions Between Puritas and Kamm's Corners
City Cleveland
Buyer Agent Compensation 3%
View Y/N N
Senior Community Y/N N
High School District Cleveland Municipal - 1809
Total Units 27
Waterfront Y/N N
Carport Y/N N
Street Name Rocky River
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 22562.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 155
Standard Status Active
Occupancy Description Vacant
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Total Actual Rent 20218.0
Property Sub Type Additional Apartment
Legal Description 8 NP 553.53FT N OF PURITAS AVE
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Interior
Basement None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Drive
Electric On Property Y/N N
Main Level Bathrooms 0
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Exterior
Parking Features Driveway Paved
Water Source Public
Lot Size Area 0.7051
Spa N
Lot Size Acres 0.7051
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4400
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* Excluded Features
List By
Gregory Erlanger

Listing Agent

Keller Williams Citywide

Broker

Info@EZSalesTeam.com

Email

Affordability Calculator

$19,343
Per Month
90%
10%
0%
Monthly Principal & Interest
$17,463
Monthly Property Taxes
$1,880
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457612 Elementary School
4457721 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2023$2,500,000 Listed Price

Map


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4400 Rocky River Drive, Cleveland, OH, 44135 is a Commercial Property for sale at $2,500,000 with a lot size of 0.7051. 4400 Rocky River Drive is a studio with 0.0 baths and was built in 1956. The property's zip code is 44135 which is in Cleveland, OH