15605 Madison Avenue, Lakewood, OH 44107

Property Description

Introducing a prime investment opportunity in the heart of Lakewood, Ohio – Nestled in one of Lakewood's most sought-after neighborhoods, this property combines modern comforts with timeless charm. The property's strategic location is a standout feature, as it provides easy access to Lakewood's vibrant downtown area, renowned for its eclectic dining, shopping, and entertainment options. Additionally, proximity to Lake Erie ensures year-round recreational activities and scenic views for residents. Investors will appreciate the consistent rental income potential of this apartment building, as well as the opportunity for value appreciation in this thriving community. This property is a promising addition to any real estate portfolio. Ideal opportunity for both seasoned investors and those looking to embark on their real estate journey. All Brick 12 unit apartment building with a storefront. The building has (10) 2 bedroom units, (1) 1 bedroom unit and (1) 4 bedroom unit. Current Rent is approximately $170.000 annual. The building has a new boiler system installed within the last 12 months, freshly painted hallways, , soffits and windows, along with a new resurfaced parking lot. Several units have been updated and all are in good condition. Upgraded main power source. There is a long term lease with the business on the first floor. Please do not walk on property without prior permission and do not speak with any occupants or tenants.