4435 State Rd Cleveland, OH 44109
Two-unit property with strong cash flow in desirable location.
Property size:
2,904 SFLot size:
4,884.00 AcresProperty 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
Source:
Crexi
Listing Agency: KW Commercial Listing Agent: Erin Thomas
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7066573
- Latitude
- 41.4335694
Nearby Similar for Sale
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.
