4237 Rocky River DR Cleveland, OH 44135

Investment Opportunity in Prime Kamm's Corner Location!
Come SEE this all brick 2 story - 15) unit property which consists of 8) large 2 - Bedrooms / 1 Baths units and 7) 1- Bedrooms / 1 Baths units. This asset offers a rare opportunity in a highly sought-after westside location near public transportation, major highways, and job hubs such as Cleveland Hopkins International Airport and Cleveland Clinics Fairview Hospital.
Most units have been updated - featuring refinished hardwood floors in living spaces, new LVP flooring in kitchens and tiled bathroom floors and surrounds, added LED lighting in several units along w/ upgraded breaker panels.
Several units are achieving market rents of $850 per 1) Bed & $975 per 2) Beds these are strong rents for area.

UPDATES:
Newer shingled roof (full tear-off) and added insulation 5/2022, roughly 10 units have had full renovations, and the balance of the units have been nicely updated.
Mechanicals: Boiler was rebuilt in 2023, along with about 65% cast iron feed & return lines, Boiler Tech Added: Weil McLein low water shut-off, auto water feeder, Tekmar Boiler Smart Control with int. / ext. sensors for water/gas efficiencies.

Cosmetics & Interior Common: 2023 main entry vestibules, hallway flooring 2x 2 carpeted tile, low consumption water fixtures.
Exterior Grounds: Sealed and striped parking lot in 2022 as well as two sewer stacks replaced from basement to attic.

Property offers private off-street parking at 1:1 for tenants.
Income Opp: (20) storage units ($10 ea. x $20 or $2,400 annual) & laundry for added income estimated at $1,300 annually.
Investor can add value by with soft rentals increases on longer-term tenants.

This property is well-positioned for long-term success w/ projected proforma income of $ 168,580
Don't miss this opportunity for a solid, passive investment in Cleveland's vibrant Kamm's Corner neighborhood.

Ask to see the “Actual and Proformas” financials for this asset.