$1,575,000
$1,675,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
20,460 SqFt
SOLD DATE : 08/25/2023
Key Details
Sold Price $1,575,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 20,460 sqft
Price per Sqft $76
Subdivision Lorain Hlnds Resub
MLS Listing ID 4455624
Sold Date 08/25/23
HOA Y/N No
Abv Grd Liv Area 20,460
Year Built 1920
Annual Tax Amount $22,787
Lot Size 0.600 Acres
Acres 0.6
Property Description
26 Units w/ 1,2 and 3 bedroom units - ALL BRICK Exterior w-Private Parking - PLUS 2 Additional Parcels and Onsite Coin-op Laundry Room!
This turn-key property ready for the 1st time investor or simply adding a solid asset to your portfolio. Well-maintained 26-unit brick multi-family sits on THREE parcels and Offers tenants Private & Secure Parking lot at rear.
Sitting just South of Cleveland's highly desired City of Lakewood Community and only minutes to Cleveland's Downtown Theater & Business District. This development is a book end to Cleveland's Two Major Opportunity Zone Corridors that have attracted national investment and attention (Detroit Shoreway and Ohio City). Tenant retention high due to proximity to downtown and pedestrian access to Bus/RTA's PArk N-Ride Transit and Highway access for a quick bus or drive to downtown area. Additionally, this property sits in a quiet neighborhood close to 3 Public Schools, 2 public parks which provide constant police monitoring for t
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Gas, Hot Water, Radiator(s), Radiant, Steam
Cooling None, Window Unit(s)
Fireplace No
Exterior
Parking Features On Site, Outside, Paved, Secured
Fence Chain Link, Full, Wood
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Flat
Total Parking Spaces 22
Building
Story 3
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 018-16-119
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Chandler Jekutis • Keller Williams Grt Cleve NE