Offering Summary
Presenting 1549 Lakewood Ave. This 6 town home property hosts one of the more attractive rental accommodations for tenants - 3 bedrooms, kitchen, family room, dining room in each town home. It is located in the heart of Lakewood.
The property has received continuous renovations to the individual town homes as tenants have turned.
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
|
Property Facts |
| Location: | 1549-1559 Lakewood Ave., Lakewood, OH |
| Number of Units: | 6 |
| Offering Price: | $309,000 |
| |
| Net Operating Income: | $26,244 |
| Cap Rate: | 8.49% |
| Building Occupancy: | 95% |
| Year Built: | 06/12/2008 |
| |
| |
| Unit Mix: |
| Units | Type |
Avg. Rent |
| 6 | 3 Bedrooms | $732 |
|
