$2,100,000
Active
10 Days Online
0 Beds0 Baths0 SQFT
Active

1681 Lincoln Avenue Lakewood, OH 44107

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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.

  • Property TypeCondo
  • NeighborhoodGencks Realty Companys
  • CountyCuyahoga
  • Taxes$19,000
  • HOA/Condo/Coop Fees$0
  • Days on Site10 Days
  • MLS StatusActive
  • MLS ID Number5032994
  • Home Size Source N/A
  • Year Built1900
  • Lot Size0.1188 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Sewer Public Sewer
  • Basement Full
  • Number of Stories 3Three Or More
  • Acreage 0.1188
  • Water Public
  • Zoning Multi-Family
  • Property Sub Type Apartment
  • Attached Garage No
  • Listing Conditions Standard

Interior Features

  • Cooling None
  • Heating Radiators
  • Laundry Features Coinoperated

Exterior Features

  • Roof AsphaltFiberglass
  • Fencing Back Yard

Community Features

  • Township Other Township

Schools

School District
Lakewood CSD (Cuyahoga)- 1817
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$11,426
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