9,361 Sqft Lot
9,361 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Henry Beach Sub
MLS Listing ID 5156133
HOA Y/N No
Year Built 1925
Annual Tax Amount $37,941
Tax Year 2024
Lot Size 9,361 Sqft
Acres 0.2149
Property Sub-Type Apartment
Property Description
The property is currently producing income and features modest upgrades while maintaining its original Lakewood character. Many units include refinished hardwood floors, fresh paint, and kitchen and bath improvements with newer appliances in several suites. The building also offers on-site coin laundry for additional income, a new boiler system, and many plumbing and electrical upgrades throughout.
While the building is in average overall condition, it provides flexibility for a range of investment strategies — whether kept as a steady turnkey property or renovated into a luxury or boutique apartment community. The rear lot also provides room to add 5+ parking spaces, a valuable feature in this part of Lakewood.
A strong investment opportunity in one of Greater Cleveland's most established and high-demand rental corridors, offering location, character, and potential for future growth.
Location
State OH
County Cuyahoga
Rooms
Basement Storage Space, Walk-Out Access
Interior
Heating Hot Water, Radiator(s), Radiant, Steam
Cooling Other, Window Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Additional Parking, Off Street
Water Access Desc Public
Roof Type Flat
Present Use Commercial,Multi-Family
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 312-29-031
Acceptable Financing Cash, Conventional, 1031 Exchange, Other
Listing Terms Cash, Conventional, 1031 Exchange, Other
Special Listing Condition Standard
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1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States