4230 Ridge RD, Brooklyn, OH 44144
4230 Ridge RD, Brooklyn, OH 44144
4230 Ridge RD, Brooklyn, OH 44144
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$1,100,000
Est. payment /mo
0.33 Acres Lot
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Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Ridgelawn

MLS Listing ID 5252771

HOA Y/N No

Year Built 1958

Annual Tax Amount $18,968

Tax Year 2025

Lot Size 0.332 Acres

Acres 0.3316

Property Sub-Type Apartment

Property 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.

Location

State OH

County Cuyahoga

Rooms

Basement Common Basement, Partially Finished, Walk-Up Access, Walk-Out Access

Interior

Heating Forced Air

Cooling Wall Unit(s), Wall/Window Unit(s)

Fireplace No

Laundry Coin-operated

Exterior

Parking Features Additional Parking, Detached Carport, Detached, Garage, Guest, On Site, Parking Pad, Garage Faces Rear

Water Access Desc Public

Roof Type Flat,See Remarks

Present Use Commercial,Multi-Family

Total Parking Spaces 16

Garage true

Building

Foundation Block

Sewer Public Sewer

Water Public

Schools

School District Brooklyn Csd - 1807

Others

Tax ID 431-22-015


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VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now
Listed by Antonio Biasiotta • Keller Williams Elevate • AntonioB@KW.com, 440-223-0575

Nearby Locations

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Genie Prettyman

Genie Prettyman

+1(216) 264-7099

Broker License ID: 2020006172

Broker License ID: 2020006172

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