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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 ProformasĆ¢ā‚¬Ā financials for this asset.

Property Details of 4237 Rocky River Drive

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Listed by Keller Williams Citywide

Based on information submitted to MLS Now as of April 22, 2025 8:27 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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