2018 Lakeland Ave, Lakewood, OH 44107
Lakeland
Lakewood, OH
Offering Summary
- Address: 2018 Lakeland Ave
- City, State, Zip Lakewood, OH 44107
- Units: 8
- Year Built: 1925
- Average Unit Size: +/- 956
- Average In-Place Rent (/SF) $1,262 ($1.32/SF)
- Occupancy: 100%
Investment Highlights
• Being offered in conjunction with The Atkins and McKinley Manor – a 3 property portfolio consisting of highly renovated, cash-flowing apartment communities located within half of a mile of each other
• Over $350,000 ($43,750/unit) invested into the property over the last 8 years
• Strong historical occupancy averaging in the high 90s to 100 percent
• Walking distance to dozens of bars, restaurants, and nightlife
• One mile from the Cleveland Metropark’s Rocky River Reservation
• Highly desirable suburban location of Lakewood; ranked #25 out of 6,805 suburbs nationwide for Young Professionals and is the densest city between NYC and Chicago
• Less than 2 miles from Downtown Rocky River featuring Whole Food’s, Heinen’s, First Watch, Rocky River Wine Bar, and a plethora of quaint shoppes
• Within 15 minutes of Ohio City, Tremont, and Downtown Cleveland
Team
Michael Barron
Daniel Burkons
Joshua Wintermute
Charles Gagliano
William Koontz
Luke Hadley
Mitchell Coon
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