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Property Description

Lucrative Investment Opportunity in The Thriving Lakewood Market Awaits! This 27 Unit All-Brick Apartment Building Features 4 Studios, 18 One Bedroom Units, And 5 Two Bedroom Units. The Property Is Currently 96% Occupied And Generates $21,640 In Monthly Rental Income! 11 Of The Units Have Been Recently Remodeled, With Varying Levels Of Updates To Kitchens, Bathrooms, And Living Areas, Leaving Great Value-Add Potential With Light Cosmetic Upgrades On The Other 16 Units. The Common Areas Boast Separate Laundry Rooms Located On The Second And Third Floors, Storage Room With Individual Lockers For Each Unit, And New Lighting Throughout Hallways and Stairwells. The Exterior Offers Ample Parking With 25 Surface Lot Spots, And 9 Garage Spaces With Overhead Doors. Tenants Are Responsible For Electric, And Owner Is Responsible For Gas, Water/Sewer. Highly Sought After Location With Close Proximity To Major Highways, Lakewood Park, Downtown Cleveland, Kamm’s Corners, Cleveland Metroparks Rocky River Reservation, Cleveland Clinic Fairview Hospital, Winterhurst Ice Arena, Screw Factory Artists Lofts, And Countless Dining/Entertainment Options Throughout Lakewood. Don’t Miss This Rare Opportunity To Acquire An Incoming Producing Asset In A Prime Location With Historically Strong Appreciation! No Seller Financing!

Features
: Hot Water, Steam
Address Map
OH
Cuyahoga
Lakewood
Warren
2275
Road
44107
W82° 12' 11''
N41° 28' 13.4''
Property Details
Active
RE/MAX Above & Beyond
Thomas Fischer
2020005304
2709
314-21-023
: Public Sewer
: Public
$34,065
2016000269
17/05/2025 01:18:30
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No
No
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2275 Warren Road, Lakewood, Ohio

Commercial Sale For Sale

0.70 Sqft
$2,499,000
Listing ID #5122576
Basic Details
Property Type : Commercial Sale
Property Sub Type : Apartment
Listing Type : For Sale
Listing ID : 5122576
Price : $2,499,000
Year Built : 1963
Lot Area : 0.70 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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