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Active
1560 Wagar RD Rocky River, OH 44116
0.34 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5194325
HOA Y/N No
Year Built 1956
Annual Tax Amount $13,168
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Apartment
Property Description
Charming 4-Unit Investment Opportunity in Rocky River, Ohio
Welcome to a fantastic multi-family investment in one of Northeast Ohio's most desirable suburban communities. This well maintained 4-unit apartment complex is perfectly situated near vibrant local amenities, strong schools, and easy access to major employment centers and I-90. Each of the four units offers: 2 bedrooms, 1 bathroom; spacious living areas and functional kitchens with in-unit laundry. Whether you're expanding your investment portfolio or looking for a stable cash-flow property, this 4-plex presents a solid opportunity with turnkey potential.
Rocky River is a charming, affluent suburb located along the shores of Lake Erie, just west of Cleveland, known for its excellent public schools, welcoming and walkable neighborhoods and close proximity to beautiful riverfront parks, shopping, dining and cultural attractions.
Beyond its current income stream, this property presents a compelling value-add or redevelopment opportunity. Preliminary concepts indicate the site may support up to 25 apartment units (approximately 20 two-bedroom units and 5 one-bedroom units).
Welcome to a fantastic multi-family investment in one of Northeast Ohio's most desirable suburban communities. This well maintained 4-unit apartment complex is perfectly situated near vibrant local amenities, strong schools, and easy access to major employment centers and I-90. Each of the four units offers: 2 bedrooms, 1 bathroom; spacious living areas and functional kitchens with in-unit laundry. Whether you're expanding your investment portfolio or looking for a stable cash-flow property, this 4-plex presents a solid opportunity with turnkey potential.
Rocky River is a charming, affluent suburb located along the shores of Lake Erie, just west of Cleveland, known for its excellent public schools, welcoming and walkable neighborhoods and close proximity to beautiful riverfront parks, shopping, dining and cultural attractions.
Beyond its current income stream, this property presents a compelling value-add or redevelopment opportunity. Preliminary concepts indicate the site may support up to 25 apartment units (approximately 20 two-bedroom units and 5 one-bedroom units).
Location
State OH
County Cuyahoga
Rooms
Basement None
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Additional Parking, Asphalt, Driveway, Detached, Garage, Garage Door Opener, Off Street
Fence None
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Schools
School District Rocky River Csd - 1826
Others
Tax ID 303-01-011
Listed by Lisa A Mazzola • Century 21 Wilbur Realty • lmazzolac21@gmail.com, 216-323-7071