Asset Snapshot
111 Units
Unit Count
83,050 SF
Property Size
Offering Summary
Investment Highlights
- • Owned and managed by local family for the last 50+ years
- • Attractive going-in basis providing flexibility of business plan to renovate or organically increase rents
- • Upside through organic rent growth of $100+ and upside through cosmetic updates of $250+ on average
- • Strong historical occupancy averaging in the high 90s percent
- • Highly desirable suburban location of Lakewood; ranked #25 out of 6,805 suburbs nationwide for Young Professionals and is the densest city between NYC and Chicago
- • Within 10 minutes of Ohio City, Tremont, and Downtown Cleveland
- • All four properties located within 2 miles of each other with restaurants, nightlife, shopping, and major employers in between
How it Works
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Listing Syndicated From
For Sale
Unlisted
Asking Price
Investment Sales Brokers
MB
DB
JW
CG
WK
LH
MC
