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Executive Summary

Prime Westlake Location Apartment Building
Investment Opportunity:
This well-maintained, 15-unit apartment building offers an excellent investment opportunity in the heart of Westlake, Ohio. Strategically located near Crocker Park, I-90, and a major RTA line, this property provides convenient access to shopping, dining, and transportation. Assumable loan at 4.1%. Upgrades from owner since 2022 include windows, parking lot, security system, plumbing/electrical/ and much more. Reach out for financials and rent rolls.
Key Features:
High Occupancy: 100% occupied with a mix of one, two, and three-bedroom units.
Ample Parking: Over 20 parking spaces ensure plenty of room for residents.
Recent Updates: All units have been modernized within the last six years, ensuring a desirable living environment.
Income Potential: The common apartment laundry facility offers an additional source of income.
Prime Location: Proximity to Crocker Park, I-90, and RTA provides excellent accessibility and desirability.
Don't miss out on this exceptional investment opportunity

Property Facts

Price $3,214,095 CAD
Price Per Unit $214,273 CAD
Sale Type Investment
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.61 AC
Building Size 15,876 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1963/2018
Parking Ratio 2.2/1,000 SF
Zoning R-MF24 - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Tub/Shower

Site Amenities

  • Trash Pickup - Curbside

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - -
2+1 8 - -
3+1 4 - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
211-27-005
Land Assessment
$154,762 CAD
Improvements Assessment
$736,687 CAD
Total Assessment
$891,449 CAD
  • Listing ID: 32930922

  • Date on Market: 2024-08-23

  • Last Updated:

  • Address: 29655 Detroit Rd, Westlake, OH 44145

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