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    4160-4166 Ridge Rd Brooklyn, OH 44144

    For Sale
    $1,149,900

    High-Yield, Turnkey Apartment Building, 100% Occupied

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a 12-unit apartment complex located at 4160-4166 Ridge Road in Brooklyn, Ohio. The property sits on a 0.19-acre lot and is currently 100% occupied, offering immediate cash flow. A significant portion of the tenants are Section 8, paying market rate or very close to it, ensuring consistent rental income. This turnkey operation is ideal for both local and out-of-state investors seeking a strong return on investment. Detailed financial information, including a complete rent roll and investment analysis, is available upon request. Further supporting documentation includes drone footage providing a comprehensive view of the property and a report detailing the building's mechanical systems. This well-maintained property represents a rare chance to acquire a stable and profitable multi-family investment in a desirable location. The property's strong occupancy rate and tenant profile contribute to its exceptional financial performance. Serious inquiries are encouraged to explore this lucrative opportunity. Contact us to schedule a viewing and receive the comprehensive package of supporting documents. This is a truly exceptional opportunity for a savvy investor looking for a stable and profitable investment. Don't miss out on this chance to acquire a high-performing multi-family property.

    Property Features for 4160-4166 Ridge Rd

    General Information

    Property type
    Residential income properties
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7356
    Latitude
    41.44301

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    FAQs

    What type of property is this?
    Residential income property - High-Yield, Turnkey Apartment Building, 100% Occupied
    Where is this residential income property located?
    The property is located at 4160-4166 Ridge Rd Brooklyn, OH.
    What is the asking price?
    The asking price for this property is $1,149,900.
    (216) 661-6633
    Request Owner's contact information
    4160-4166 Ridge Rd Brooklyn, OH 44144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4160-4166 Ridge Rd Brooklyn, OH 44144
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