View of building exterior with a garage - 4101-5753 Ridge Road, Cleveland
View of property - 4101-5753 Ridge Road, Cleveland
View of property - 4101-5753 Ridge Road, Cleveland
View of side of property - 4101-5753 Ridge Road, Cleveland
View of property - 4101-5753 Ridge Road, Cleveland
View of front of house featuring a front lawn - 4101-5753 Ridge Road, Cleveland
6 photos

$6,500,000

4101-5753 Ridge Road
Cleveland, OH 44144
Listed by James P Wise · The Holton-Wise Property Group LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Very rare 59 unit portfolio on Ridge Rd. All buildings are professionally managed, fully stabilized, renovated and producing cash flow. Portfolio consists of 8 total buildings. Four buildings in Cleveland, two buildings in Brooklyn & two buildings in Parma. Email Agent for video tour, drone footage, rent roll, investment analysis, building specs & much more. Professional property management available. Agent owned. Local & out of state investors welcome.

Property details

MLS #
5035862
Property type
Apartment
Subdivision
N/A
Status
Active
Days on market
10
On market date
May 4, 2024
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
5 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
William Rainey Harper
0.56 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
287
Student:teacher ratio
14.4:1
District
Cleveland Municipal
MiddleCharter
Constellation Schools: Old Brooklyn Community Middle
1.57 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
245
Student:teacher ratio
24.5:1
District
Constellation Schools: Old Brooklyn Community Middle
HighCharter
Old Brook High School
0.73 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
198
Student:teacher ratio
16.5:1
District
Old Brook High School

Walkability

Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

83
Highly walkable
out of 100
EPA National Walkability Index
14.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores10
Parks4
Schools10
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Cleveland, from live MLS data.

On the market 10 days -- 38 fewer days than Cleveland's current average of 48 days.
For reference, the median list price across 1,625 active listings in Cleveland right now is $130,000.

Mortgage calculator

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Est. monthly payment
$39,294/mo
$1,300,000 down
$5,200,000 loan
Principal & interest$33,727
Property tax (est.)$5,417
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 30, 2024.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.