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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
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
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
  • Listing ID: 41753246

  • Date on Market: 2026-08-14

  • Last Updated:

  • Address: 1346 Kenilworth Ave, Lakewood, OH 44107

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