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13348 Madison Avenue

Lakewood, OH 44107
  • $450,000
  • STATUS: Contingent
  • ON SITE: 114 days
  • MLS #: 4258069
Under Contract
UPDATED: 30 min ago
$450,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1924
County:
Area:

School Ratings & Info

Listing courtesy of Keller Williams Living.
Listing information © 2021 YES-MLS.

Description

RARE mixed-used building with HUGE UPSIDE in one of the most desirable areas in Cleveland!!! There are very few opportunities like this in Lakewood right now - not to mention...LOCATION, LOCATION, LOCATION! In close proximity to Madison Park (which has a swimming pool, playground, tennis courts & baseball diamond) and countless dining & cafe options including Angelo's Pizza, EuroGyro, Rising Star Coffee, The Red Rose Cafe, Coffee Pot, Waterbury Bistro, Tacto Tont's, Barroco's and so much more. This building is comprised of 5 residential units with 3, 1-beds // 1, 2-bed // 1 studio, and two retail/commercial spaces, both of which are currently occupied by a yoga studio tenant for a total of $1,025 per month. Residential units and their current rents include...Unit 1 (Studio): Occupied @ $385 // Unit 2 (2-bed): Vacant (potential rent $1000) // Unit 3 (1-bed): Occupied @ $650 // Unit 4 (1-bed): Occupied @ $500 // Unit 5 (1-bed): Occupied @ $475 with on-site coin laundry! The owner pays for common area electricity & gas as well as water/sewer/trash. Jump on this portfolio-building mixed-use building before it's gone!! See supplemental documents for additional information including rent roll proforma rents and expenses.

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Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Art of Real Estate | Keller Williams Elevate are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-20T00:07:31.457.
www.artofrealestatecle.com/homes/114538876
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13348 Madison Avenue Lakewood, OH 44107

  • Price: $450,000
  • Status: Contingent
  • Updated: 30 min ago
  • MLS #: 4258069
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1924
Built
Neighborhood:
Waterbury Heights
County:
Cuyahoga
Area:
Lakewood
Property Description
RARE mixed-used building with HUGE UPSIDE in one of the most desirable areas in Cleveland!!! There are very few opportunities like this in Lakewood right now - not to mention...LOCATION, LOCATION, LOCATION! In close proximity to Madison Park (which has a swimming pool, playground, tennis courts & baseball diamond) and countless dining & cafe options including Angelo's Pizza, EuroGyro, Rising Star Coffee, The Red Rose Cafe, Coffee Pot, Waterbury Bistro, Tacto Tont's, Barroco's and so much more. This building is comprised of 5 residential units with 3, 1-beds // 1, 2-bed // 1 studio, and two retail/commercial spaces, both of which are currently occupied by a yoga studio tenant for a total of $1,025 per month. Residential units and their current rents include...Unit 1 (Studio): Occupied @ $385 // Unit 2 (2-bed): Vacant (potential rent $1000) // Unit 3 (1-bed): Occupied @ $650 // Unit 4 (1-bed): Occupied @ $500 // Unit 5 (1-bed): Occupied @ $475 with on-site coin laundry! The owner pays for common area electricity & gas as well as water/sewer/trash. Jump on this portfolio-building mixed-use building before it's gone!! See supplemental documents for additional information including rent roll proforma rents and expenses.
Exterior Features

Parking Features On SitePrivate Parking Total 6 Roof Flat

Interior Features

Basement FullUnfinished Basement YN Yes Building Area Total 0 Cooling None Cooling YN No Heating Forced AirGasRadiator(S) Heating YN Yes

Property Features

Lease Considered YN No Listing Terms CashConventionalTrade Owner Pays SewerTrash CollectionWater Property Sub Type Mixed Use Sewer Public Sewer Tax Annual Amount 9600 Tenant Pays ElectricityGas Township Lakewood Water Source Public Year Built Details Actual Ybt

Listing information © 2021 YES-MLS.
Listing provided courtesy of Keller Williams Living.
Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Art of Real Estate | Keller Williams Elevate are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-20T00:07:31.457.
 
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The Art of Real Estate | Keller Williams Elevate
18318 Pearl Road
Strongsville OH, 44136
Listing courtesy of Keller Williams Living.
Listing information © 2021 YES-MLS.