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4400 Rocky River Dr
Cleveland, OH 44135
The Revel · Multifamily Property For Sale
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27 Units
Investment Highlights
- The Skyview Apartments provide an income generating 27-unit apartment community with a slab foundation and no basement.
- A new owner has the value-add option of increasing rents, fully implementing the utility fee, and creating a new private courtyard amenity space.
- The community’s great location places residents near the Cleveland Airport, Kamm’s Corner, Fairview Park, and the Cleveland Zoo.
- The cash flowing community is fully occupied at over $20,000/month + utilities, with no heavy renovations or updates needed.
- All units have been upgraded in some form, with more than $18,000 spent during 2024 on unit turns.
Property Facts
| No. Units | 27 | Building Size | 27,000 SF |
| Property Type | Multifamily | Average Occupancy | 63% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 2.69/1,000 SF |
| Lot Size | 0.71 AC | ||
| Zoning | MF-1 | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 27,000 SF |
| Average Occupancy | 63% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.69/1,000 SF |
| Zoning | MF-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Laundry Service
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 450 |
| 1+1 | 25 | - | 550 |
Property Taxes
| Parcel Number | 026-11-003 | Improvements Assessment | $277,340 |
| Land Assessment | $43,015 | Total Assessment | $320,355 |
Property Taxes
Parcel Number
026-11-003
Land Assessment
$43,015
Improvements Assessment
$277,340
Total Assessment
$320,355
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