HIGHLIGHTS
- Major recent capital improvements – roof (2019), parking lot (2019), electrical system (2021), hot water tanks (2021 & 2023), and gutter system (2023)
- 75% of units remodeled
- Over $16,000 of annual revenue upside potential through renovating remaining units
- Walking distance to Edgewater Park and Lakewood’s Gold Coast
- Within 15 minutes of 3 Major Hospitals – Cleveland Clinic Lakewood Health Center & Cleveland Clinic Fairview Hospital, and MetroHealth Medical Center
FOR SALE DETAILS
PRICE
$925,000 USD
PRICE/SF
$88 USD /SF
# OF UNITS
11
PRICE/UNIT
$84,091
CAP RATE
Request Cap Rate
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1925
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,405 SF
ZONING
Multi-Family
APN/PARCEL ID
001-25-084,001-25-085
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216-264-2048
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216-264-2048
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