Cleveland OH Commercial for Sale
- Type:
- Retail
- Sq.Ft.:
- 1,040
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.26 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- 5087956
- Subdivision:
- Rockport Sec 09
ADDITIONAL INFORMATION
Well maintained Retail Building with 1 bedroom apartment up. Updates include roof maintenance in 2020, newer windows, and some updated electrical. Ample parking and great street exposure. High traffic volume. Rents are on the lower side due to Owner occupant retail and the apartment values for 1 bedroom in an area max around $800/mo. The building is free-standing.
$1,990,000
4400 Rocky River Drive Cleveland, OH 44135
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.71 Acres
- Year built:
- 1956
- Baths:
- MLS#:
- 5075104
- Subdivision:
- Rockport Sec 08
ADDITIONAL INFORMATION
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.
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Cleveland Real Estate
The median home value in Cleveland, OH is $97,300. This is lower than the county median home value of $177,200. The national median home value is $338,100. The average price of homes sold in Cleveland, OH is $97,300. Approximately 34.25% of Cleveland homes are owned, compared to 48.78% rented, while 16.97% are vacant. Cleveland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cleveland real estate agent to arrange a tour today!
Cleveland, Ohio 44135 has a population of 374,861. Cleveland 44135 is less family-centric than the surrounding county with 13.77% of the households containing married families with children. The county average for households married with children is 23.83%.
The median household income in Cleveland, Ohio 44135 is $33,678. The median household income for the surrounding county is $55,109 compared to the national median of $69,021. The median age of people living in Cleveland 44135 is 36.2 years.
Cleveland Weather
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 37.9 inches per year, with 54 inches of snow per year.