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1346 Kenilworth Ave 32 Unit Apartment Building $4,108,082 CAD ($128,378 CAD/Unit) 6.81% Cap Rate Lakewood, OH 44107


Investment Highlights
- Has undergone more than $460,000 in recent capital improvements
- Generating $376,572 in Gross Operating Income
- Year 1 NOI is projected to increase to $275,107
- 32 units across two neighboring brick buildings
- Current Net Operating Income of $200,777
Executive Summary
32 Units across 2 neighboring brick buildings (16 units each) generating $376,572 in Gross Operating Income with a current NOI of $200,777. Has undergone more than $460,000 in recent capital improvements.
Property Facts
| Price | $4,108,082 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $128,378 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.81% | Building Size | 28,167 SF |
| No. Units | 32 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | R2 | ||
| Price | $4,108,082 CAD |
| Price Per Unit | $128,378 CAD |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 28,167 SF |
| No. Stories | 3 |
| Year Built | 1956 |
| Zoning | R2 |
Amenities
Site Amenities
- Vintage Building
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
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1346 Kenilworth Ave
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