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31853842
31853843

4126 ERIE ST, WILLOUGHBY, OH 44094-7867

DG
OH 2024006572
Gatto Group Inc
PT
OH 2024004253
Gatto Group Inc
Listed by Gatto Group Inc
$1,799,000
45 days on market
Updated 10 days ago

4126 ERIE ST WILLOUGHBY OH 44094-7867

Details
APN 27A029B000030
Property Type Multifamily, Office (+1)
Square Footage 14,766
Units 11
Cap Rate 6.84%
NOI $123,061
Occupancy 100%
Tenancy Multi
Price per SqFt $122
Year Built 1900
Stories 1
Lot Size (SqFt) 6,326
Parking Spaces spaces
Investment Type Stabilized
Ground Lease No

About This Property

Marketing description

This offering presents a rare opportunity to acquire a fully

leased mixed-use asset located in the heart of Downtown

Willoughby along the primary retail corridor, just steps from

restaurants, bars, shops, and other walkable amenities.

Properties of this scale and location rarely come to market,

particularly with stable in-place cash flow and future upside.

The property consists of 11 total units, including 2 ground-floor

commercial spaces and 9 residential units across the upper two

floors, providing a diversified income stream. The retail

component is anchored by long-term tenants, including an

established law firm and retail user, offering stability at the

foundation of the investment. The residential units benefit from

strong demand and under-market rents, presenting a clear

opportunity for future rent growth.

The asset benefits from exceptional visibility, limited competing

supply, and the added advantage of rear parking—an uncommon

amenity in Downtown Willoughby. With 100% occupancy, stable

in-place income, and upside through rental growth, the

property offers both immediate cash flow and long-term

appreciation potential.

Investment highlights

Fully Stabilized | 100% Occupied Mixed-Use Asset

11 Total Units | 9 Residential, 2 Commercial

Strong Commercial Tenancy | Law Firm and Retail User

Below-Market Rents | Opportunity for Revenue Growth

Diversified Income | Residential and Commercial Tenancy

Prime Downtown Willoughby | Center of Retail Strip

Walkable Location | Surrounded by Dining and Amenities

Rear On-Site Parking | Rare Downtown Amenity

Limited Supply | Rare Downtown Mixed-Use Opportunity

Listing Contacts

DG
OH 2024006572
Gatto Group Inc
PT
OH 2024004253
Gatto Group Inc
Listed by Gatto Group Inc

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,061.00
$10,255.08/mo

Valuation Metrics

0
DSCR
6.84%
Cap Rate
6.84%
ROI

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Additional Information

Name
Donny Gatto
License
2024006572
Brokerage
Gatto Group
Brokerage Phone
216-621-1800
Title
Real Estate Salesperson
Name
Paul Tretter
License
2024004253
Brokerage
Gatto Group, Inc
Brokerage Phone
216-621-1800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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