For Sale
$595,000

4044 Ridge Rd Brooklyn, OH 44144

Six-unit apartment building, turnkey investment.

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • Asking Price: $595,000
  • Property Type: 6-unit brick apartment building on a 0.221-acre lot in Brooklyn, Ohio.
  • Building Features: Six spacious 2-bedroom/1-bathroom units, six garage spaces, and well-maintained condition. Currently 100% occupied with long-term tenants.
  • Financial Highlights: Below-market rents with potential for increases to $850/month per unit (market rate ~$950/month). No lead certification required.
  • Location: Desirable Brooklyn, Ohio location near highways, shopping, entertainment, and public transit.

Property Details for 4044 Ridge Rd

Property type
Specialty properties, Land
Lot Size (sq. ft)
9,627 SF

Location Insight

City
Brooklyn
County
Cuyahoga
State
Ohio
Latitude
41.4461037
Longitude
-81.7355191

FAQs

What type of property is this?
Specialty property - Six-unit apartment building, turnkey investment.
Where is the specialty property located?
The property is located at 4044 Ridge Rd Brooklyn, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Asking Price: $595,000; Property Type: 6-unit brick apartment building on a 0.221-acre lot in Brooklyn, Ohio.; Building Features: Six spacious 2-bedroom/1-bathroom units, six garage spaces, and well-maintained condition. Currently 100% occupied with long-term tenants.
How can I contact the broker?
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4044 Ridge Rd
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