Offering Summary- PRICE REDUCTION
Presenting the Baxterly. This 30 unit mixed use property hosts 18 one bedroom, 2 efficiencies, 4 two bedroom apartment units and 6 prominent retail store fronts. It is located in the heart of the Madison Avenue commercial district of Lakewood.
The property has received many upgrades recently including new windows and a newer boiler. Unique in most of Lakewood this property also offers a parking garage with 11 spaces.
Submarket Overview
Located in historic Lakewood, within close proximity to downtown Cleveland, shopping, restaurants and entertainment venues. Lakewood offers the amenities of downtown living with the charm of a small town
Submarket Demographics |
| Submarket Population: | 56,646 |
| Renter Occupied Housing: | 51.5% |
| Submarket Trend: |
 Stable
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Property Facts |
| Location: | 2012 Baxterly, Lakewood, OH |
| Number of Units: | 30 |
| Offering Price: | 940,000 |
| |
| Net Operating Income: | $77,608 |
| Cap Rate: | 8.26% |
| Building Occupancy: | 93% |
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| Unit Mix: |
| Units | Type |
Avg. Rent |
| 20 | 1 Bedroom | $432 |
| 4 | 2 Bedroom | $580 |
| 6 | store fronts | $598 |
|
