4230 Ridge Rd, Brooklyn, OH

Name: 4230 Ridge Rd, For Sale in Brooklyn - Zoocasa
Brand: Keller Williams Elevate
SKU: 5252771
Price: 1100000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$1,100,000

0016

MLS® 5252771

Overview

Key Facts

Type Apartment

Levels Commercial Sale

Size -

Garage Yes

Maintenance Fees

Taxes $18,968

Days Active 10

Approx. Age 1958

MLS® Number 5252771

Property Address: 4230 Ridge Rd, Brooklyn, OH, 44144-1756

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number5252771

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1958

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatForced Air

A/CWall Units, Wall Window Units

Extras

Map

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