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4435 State Rd Cleveland, OH 44109

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For Sale
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Two-unit property with strong cash flow in desirable location.

Property size:
2,904 SF
Lot size:
4,884.00 Acres

Property Features for 4435 State Rd

General Information

Standard status
Active
Size
2,904 SF
Lot size
4,884.00 Acres

Building Details

Year built
1900

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Listing Contact
Erin Thomas
Source: Crexi

Listing Agency: KW Commercial Listing Agent: Erin Thomas

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Old Brooklyn Mixed-Use Property

This two-unit mixed-use property is located in the Old Brooklyn neighborhood. The upper residential unit features three bedrooms, one full bath, full attic access, and new flooring throughout. It is currently leased at $950 per month through June 2026. The lower commercial unit includes a half bath and private access to the basement. It is occupied at $700 per month on a month-to-month lease. The tenant has occupied the space for approximately two years, using it for music practice and storage, and would like to remain. The property is located near MetroHealth Hospital, Cleveland Zoo, Ridge Park Square, and major commuter routes. The roof is approximately four years old, the hot water tank was replaced in 2023, and the electric was updated about two years ago. The property size is 2904 square feet. Tenants pay all utilities, including water, sewer, and trash. Owner expenses are approximately $95 per month in insurance and $260 per month in taxes. The property is currently self-managed.
Location Intelligence

Current Use by Public Records

Harper Office Law Firm

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

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City
Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.7066573
Latitude
41.4335694

FAQs

What type of property is this?
Mixed-use property - Two-unit property with strong cash flow in desirable location.
Where is this mixed-use property located?
The property is located at 4435 State Rd Cleveland, OH.
What are key features of this property?
This property features: - Strong cash flow with tenants paying all utilities, including water, sewer, and trash.; - Current cap rate over 8 percent with a pro forma cap rate exceeding 10 percent.; - Located in the highly desirable Old Brooklyn neighborhood, near key amenities and commuter routes.
More about this property
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