4230 Ridge Road, Brooklyn, OH 44144
sale
$1,100,000
|
Apartment
Courtesy Of Keller Williams Elevate
Exceptional opportunity to acquire a multifamily investment property at 4230 Ridge Road in Brooklyn, Ohio. This 14-unit apartment all brick building offers investors an established rental property with convenient access to major highways, shopping, restaurants, and the surrounding Cleveland employment market. 8 one-bed unit and 6 two-bedroom units, 12 covered parking spaces, coin-laundry and individually metered utilities. Following a significant windstorm that caused water damage to several upper-floor units, the property was temporarily removed from the market while the damage was assessed and the necessary restoration work was completed by a reputable national contractor. Major repairs, including a completely new roof and extensive interior renovations, with affected units taken down to the studs and rebuilt. This restoration work provides buyers with an opportunity to acquire a property that has undergone significant improvements following the storm event. The property's existing multifamily layout and established rental history provide a foundation for continued operations and long-term investment potential. Investors will appreciate the opportunity to evaluate the completed improvements, current rental income, and remaining potential to enhance performance through effective property management and continued operational optimization. Conveniently located along Ridge Road in Brooklyn, the property offers access to I-480, I-71, and the greater Cleveland area. Whether expanding an existing portfolio or pursuing a multifamily investment in the Cleveland market, 4230 Ridge Road presents an opportunity to acquire an established apartment asset with significant restoration work completed.
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Property Features
- Age: Over 50 Years Old
- Building Units: 14
- Cooling System: Window Unit(s)
- Cooling System: Wall Unit(s)
- Heating System: Forced Air
- Legal Description: 24 RDGELA S/L 42 TO 45 ALL 43122015 TO43122018
- MLSID: 5252771
- Parking Spaces: 16
- Roof Type: Flat
- Rooms: Laundry Room
- Rooms: Basement
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