Century 21 DePiero & Associates
Century 21 DePiero & Associates
Gary Neely, Century 21 DePiero & AssociatesPhone: (440) 610-2243
Email: [email protected]
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listing
1 of 50
CommercialFor Sale
$1,900,000
1681 Lincoln Avenue
Lakewood, OH 44107
Courtesy of Keller Williams Citywide
MLS: MLS Now
Est. Mortgage
$9,907/mo

NEWLY REDUCED! Outstanding Immediate Revenue Generation Investment Opportunity in Lakewood, OH: This offering includes two well- maintained brick buildings, encompassing a total of 25 apartment units. Each unit is thoughtfully designed for maximum tenant comfort and satisfaction. Every apartment is outfitted with essential modern amenities such as dishwashers, ovens, complete kitchen facilities, refrigerators with freezers, tub/shower combinations, heating systems, and walk-in closets. The interiors feature hardwood floors and carpeting, and some units also include vaulted ceilings. For added security, the buildings offer controlled access and a robust security system. Curbside trash pickup adds convenience for residents. Located near public transport, this property provides easy commute options to Downtown and is within walking distance to numerous shopping and dining venues, enhancing its attractiveness. Continual property improvements present a significant opportunity to boost rental income. The strong demand in Lakewood's rental market promises stable and robust revenue generation. Recent upgrades include resurfaced roofs on both buildings within the last two years and new electrical panels installed in 6 units at 1681. A new, efficient boiler system has been installed, and the transition to synthetic front landscaping reduces water use and maintenance, supporting eco-friendly initiatives. This prime investment is rarely available in this area. Showings are available with an accepted offer to ensure serious consideration from investors.

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Information courtesy of Keller Williams Citywide is subject to verification and is not guaranteed.
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