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21017 Westway RD Rocky River, OH 44116
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Key Details
Sold Price $697,000
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5106021
Sold Date 04/11/25
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1950
Annual Tax Amount $13,405
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Apartment
Property Description
Prime Investment Opportunity in Rocky River — Updated 6-Unit Apartment Building Nestled in the highly sought-after suburb of Rocky River, this meticulously maintained 6-unit apartment building offers a rare investment opportunity in a thriving rental market. Boasting garage parking for all units plus additional guest parking, the property ensures convenience for tenants while offering easy access to major highways. Over the last eight years, the building has undergone extensive updates, making it nearly maintenance-free. Improvements include: New windows in all units, Glass block windows for added security and efficiency, updated electrical systems, two fully renovated units featuring modern kitchens and bathroom, waterproofed basement, freshly paved parking lot, new flooring, carpentry work, and fresh paint throughout. The all Brick Building is Situated just minutes from Lake Erie, scenic parks, beaches, shopping, fine dining, and vibrant nightlife, the location offers the perfect balance of suburban charm and city convenience. Downtown Cleveland is just a 10-minute drive, making it ideal for commuters. With long-term tenants in place and below-market rents, this property presents strong upside potential for increased cash flow. Don't miss this turn-key investment in one of Northeast Ohio's premier communities!
Location
State OH
County Cuyahoga
Rooms
Basement Apartment, Common Basement, Full, Interior Entry, Concrete, Partially Finished, Storage Space
Interior
Heating Forced Air, Gas
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Additional Parking, Assigned, Detached, Garage, On Site, Off Street
Water Access Desc Public
Present Use Residential
Garage true
Building
Foundation Basement
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Rocky River Csd - 1826
Others
Tax ID 303-01-021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Armando J Dilisio • OwnerLand Realty, Inc.