Apartment Buildings /OH /Cuyahoga County /Lakewood /1346 Kenilworth Ave
Apartment Buildings /OH /Cuyahoga County /Lakewood /1346 Kenilworth Ave

1346 Kenilworth Ave - Apartments FOR SALE


Lakewood, OH 44107 | 
$2,950,000 USD
440-670-2300
1346 Kenilworth Ave, Lakewood, OH for Sale
$2,950,000 USD
Apartments - FOR SALE
1/80
null | 6.81% Cap Rate
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1346 Kenilworth Ave
Lakewood, OH 44107

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HIGHLIGHTS

  • Has undergone more than $460,000 in recent capital improvements
  • 32 units across two neighboring brick buildings
  • Generating $376,572 in Gross Operating Income
  • Current Net Operating Income of $200,777
  • Year 1 NOI is projected to increase to $275,107

OVERVIEW

32 Units across 2 neighboring brick buildings (16 units each) generating $376,572 in Gross Operating Income with a current NOI of $200,777. Has undergone more than $460,000 in recent capital improvements.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

32

PRICE/UNIT

$92,188

CAP RATE

6.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R2

APN/PARCEL ID

311-17-034

ASK ABOUT THIS PROPERTY

Erin ThomasKeller Williams LIVINGMore Info
440-670-2300

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Erin ThomasKeller Williams LIVINGMore Info
440-670-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

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