2392 Wooster Rd - Apartments FOR SALE


Rocky River, OH 44116
$1,350,000 USD
216-264-2048
2392 Wooster Rd, Rocky River, OH for Sale
$1,350,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

2392 Wooster Rd
Rocky River, OH 44116


HIGHLIGHTS

  • Exceptionally well maintained and self-managed by local owner
  • In place rents are $100+ below direct competitors
  • Located in Rocky River, one of the most sought after suburbs in Northeast Ohio (#3 school district in Ohio; $137k median HH income)
  • Walking Distance to Downtown Rocky River, Cleveland Metroparks Rocky River Reservation, and Westgate Shopping Center
  • Garage parking for all units providing a significant competitive advantage over competing properties
  • New pitched roofs on both buildings within last 5 years

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

12

PRICE/UNIT

$112,500

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1947

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,340 SF

ZONING

4010

APN/PARCEL ID

301-30-094

ASK ABOUT THIS PROPERTY

Michael BarronInstitutional Property AdvisorsMore Info
216-264-2048

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Michael BarronInstitutional Property AdvisorsMore Info
216-264-2048

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.