Property Details for 4044 Ridge Rd

Lot size

0.22 lot acres

Property type

Commercial real estate

Description

This exceptional turnkey investment opportunity presents a fully occupied six-unit brick apartment building situated on a 0.221-acre lot at 4044 Ridge Road in desirable Brooklyn, Ohio. The property features six spacious two-bedroom, one-bathroom units, each well-lit and comfortable. Six garage spaces are included, providing ample parking for residents. The building boasts quality, long-term tenants, and has been meticulously maintained by its long-term owner. Current rents are $850 per month, below market rate ($950), with potential for further increases. The property benefits from a prime location near major highways, shopping, entertainment, and public transportation. This is an ideal addition to an existing portfolio or a perfect entry point for first-time investors seeking a self-managing property. The property is currently 100% occupied, with high rental demand and consistent rent increases. Brooklyn's limited government involvement and absence of lead certification requirements further enhance its appeal. The current owner maintains the grounds at a reduced rent. Financial details, including expenses, are available upon request. Serious inquiries only; proof of funds is required for showings. This is a rare opportunity to acquire a well-maintained, high-performing investment property in a thriving location. Note that 24-hour notice is required for all showings.

Location Insight

City

Brooklyn

County

Cuyahoga

State

Ohio

Longitude

-81.7355191

Latitude

41.4461037