2392 Wooster — Sale in Rocky River, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Rocky River, OH 44116

Investment Figures

Cap rate
3.58%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap presents 2392 Wooster Rd in Rocky River, Ohio. Investment Highlights: • Exceptionally Well Maintained and Self-Managed by Local Owner • In Place Rents are Over $100 Below Direct Competitors • Located in Rocky River, One of the Most Sought After Suburbs in Northeast Ohio (#3 School District in Ohio; $137k Median Household Income) • Walking Distance to Downtown Rocky River, Cleveland Metroparks Rocky River Reservation, and Westgate Shopping Center • Garage Parking for All Units Providing a Signi?cant Competitive Advantage over Competing Properties • New Pitched Roofs on Both Buildings Within Last Five Years • Individual Furnaces and Central Air for Each Unit

Market Context

This multifamily in Rocky River, OH is listed for sale. It is offered at an approximate 3.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Rocky River, OH — view the full market.

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