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West Park Lofts 4027 Rocky River Dr 28 Unit Apartment Building For Sale Cleveland, OH 44135
Investment Highlights
- Owned, managed and repositioned by local company
- All windows and roofs were replaced approximately 12 years ago; newer driveway and parking lot in 2024
- ½ mile from Cleveland Clinic Fairview Hospital (2,600+ employees)
- 100% of units and common areas renovated between 2023-2025
- In-place rents $100 - $250 below market
- Located in the heart of West Park just minutes from Kamm’s Corners and dozens of restaurants and shopping options
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 1.34 AC |
| No. Units | 28 | Building Size | 25,816 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1943/2025 |
| Building Class | C | ||
| Zoning | MF-C1, 2F-B1 | ||
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 25,816 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1943/2025 |
| Zoning | MF-C1, 2F-B1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $995.00 | 625 |
| 2+1 | 8 | $1,105 | 725 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 027-01-068 | Total Assessment | $352,240 (2025) |
| Land Assessment | $65,450 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $286,790 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
027-01-068
Land Assessment
$65,450 (2025)
Improvements Assessment
$286,790 (2025)
Total Assessment
$352,240 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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