Attention investors! Don’t miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 1 bedroom, 1 bathroom apartments and is currently generating $3,630 per month in rental income, providing immediate cash flow from day one. Whether you’re looking to expand your rental portfolio or purchase a stable, income producing asset in one of Northeast Ohio’s strongest rental markets, this property checks all the boxes. With all units occupied, you’ll benefit from consistent rental income while enjoying the long-term appreciation potential that Lakewood continues to offer. Conveniently located near shopping, restaurants, parks, and major highways, this turnkey quadruplex is an excellent addition to any investor’s portfolio. *Must be sold with 1497 Coutant Ave, as these two parcels have been combined* Opportunities like this in Lakewood don’t come around often, submit your offer today!
| MLS # | 5227231 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1916 |
| Days On Site | 34 |
| Listing Provided By | RE/MAX Above & Beyond | Armani Adames |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,888 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 2 |
| Building(s) | 3 |
| Acreage | 0.25 |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage, Parking Lot |
| Tax Annual Amount | 9937 |
|---|
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Lakewood |
| Zip Code | 44107 |
| Listing VS Median (in 44107) | |
Price: $400,000 low | high Med: $307,000 sqft: 3,888 low | high Med: 1,176 $ / sqft: $103 low | high Med: $261 On site: 34 low | high Med: 106 | |
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Lakewood |
| Zip Code | 44107 |
| Listing VS Median (in 44107) | |
Price: $400,000 low | high Med: $307,000 sqft: 3,888 low | high Med: 1,176 $ / sqft: $103 low | high Med: $261 On site: 34 low | high Med: 106 | |