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13501 Lakewood Heights Blvd
Cleveland, OH 44107
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Proximity to Detroit Avenue shopping and dining, public transit access, and convenient connectivity to downtown Cleveland.
Executive Summary
Mixed use commercial property consisting of 5 residential apartments and first-floor commercial store front with off-street parking. Storefront offers potential for retail, office, or service-related use depending on buyer's plans and local zoning. Century mixed-use building being sold as-is. Full basement. Suitable for an investor or owner-occupant looking for a smaller value-add property with potential for improved occupancy and future upside.
Commercial storefront is approximately 800 square feet (month-to-month) that will vacate soon. Rent currently is $675/month. Other rates as follows: Apartment 1 - Vacant (asking $550/month), Apt 2 - $500/month, Apt 3 - $475/month, Apt 4 - $400/month, Apt 5 - Vacant (asking $550/month).
Commercial storefront is approximately 800 square feet (month-to-month) that will vacate soon. Rent currently is $675/month. Other rates as follows: Apartment 1 - Vacant (asking $550/month), Apt 2 - $500/month, Apt 3 - $475/month, Apt 4 - $400/month, Apt 5 - Vacant (asking $550/month).
Property Facts
| Price Per Unit | $44,852 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 5 | Building Size | 9,855 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2018 |
| Apartment Style | Low-Rise | Parking Ratio | 1.01/1,000 SF |
| Zoning | GC - General commercial | ||
| Price Per Unit | $44,852 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,855 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2018 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | GC - General commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
Property Taxes
| Parcel Number | 021-06-011 | Improvements Assessment | $188,376 CAD |
| Land Assessment | $12,215 CAD | Total Assessment | $200,591 CAD |
Property Taxes
Parcel Number
021-06-011
Land Assessment
$12,215 CAD
Improvements Assessment
$188,376 CAD
Total Assessment
$200,591 CAD
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