4400 Rocky River Drive Cleveland, OH 44135

Investment Opportunity in Prime Kamm’s Corner Location! This 27-unit building, consisting of 25 spacious 1-bedroom units and 2 studios, offers a rare opportunity in a sought-after westside location near public transportation, major highways, and job hubs, just 7 minutes from bbthe airport. All units... have been updated, with most featuring new LVP flooring, and the property is now achieving market rents of $875/month plus an additional $75-100 utility charge, equating to nearly $975/month per one-bedroom unit—a strong rental rate for the area. New vinyl windows and a slab foundation (no basement) further enhance the building’s appeal and reduce future maintenance concerns. Investors can add value by creating a private courtyard or other amenities to attract tenants. With laundry income, private parking for 24 cars, and updated mechanicals, this property is well-positioned for long-term success. Projected proforma income of $276,900. Utility charges alone could reduce expenses by $30,000 annually. Don’t miss this opportunity for a solid, passive investment in Cleveland’s vibrant Kamm’s Corner neighborhood. Continue reading