Offering Price: $1,350,000
2392 Wooster Rd
Rocky River, OH
Offering Summary
- Address: 2392 Wooster Rd
- City, State, Zip Rocky River, OH 44116
- Units: 12
- Year Built: 1947
- Average Unit Size: +/- 833 SF
- Average In-Place Rent (/SF) $1,193 ($1.43/SF)
- Leased Occupancy: 92%
Investment Highlights
• Exceptionally well maintained and self-managed by local owner
• In place rents are $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 HH income)
• Walking Distance to Downtown Rocky River, Cleveland Metroparks Rocky River Reservation, and Westgate Shopping Center
• Garage parking for all units providing a significant competitive advantage over competing properties
• New pitched roofs on both buildings within last 5 years
• Individual furnaces and central air for each unit
Team
Michael Barron
Daniel Burkons
Joshua Wintermute
Charles Gagliano
William Koontz
Luke Hadley
Mitchell Coon
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