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13701 Madison Ave
Lakewood, OH 44107

$579,000 USD

Apartments For Sale  •  6,078 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,078 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1922
  • Zoning C3
41 Transit Score
81 Walk Score

Highlights

Residential Rents: Range from $750–$907.50 with room to increase as leases renew. Units are just shy of 800 Sq ft and market rents AVERAGE $1000/ mo
Recent NOI (T12): potential to push well over $45K with full occupancy and lease-up
Current GOI: $61,268/ year
Unit Mix: 3x 2-bed, 1x 2-bed, 2x commercial storefronts
Tenants pay electric and gas
Each unit has its own furnace and Hot water tank

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 19 min - 7.3 mi
Transit/SubwayDriveWalkDistance
Triskett (Red Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 4 min 17 min 0.9 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 18 min - 6.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Erin Thomas 440-670-2300 Keller Williams LIVING
Erin Thomas 440-670-2300 Keller Williams LIVING