50
See all 50 photos
$2,499,000
Est. payment /mo
0.7 Acres Lot
New
2275 Warren RD Lakewood, OH 44107
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Black-Warren Road Sub
MLS Listing ID 5122576
HOA Y/N No
Year Built 1963
Annual Tax Amount $34,064
Tax Year 2024
Lot Size 0.704 Acres
Acres 0.7045
Property Sub-Type Apartment
Property Description
Lucrative Investment Opportunity in The Thriving Lakewood Market Awaits! This 27 Unit All-Brick Apartment Building Features 4 Studios, 18 One Bedroom Units, And 5 Two Bedroom Units. The Property Is Currently 96% Occupied And Generates $21,640 In Monthly Rental Income! 11 Of The Units Have Been Recently Remodeled, With Varying Levels Of Updates To Kitchens, Bathrooms, And Living Areas, Leaving Great Value-Add Potential With Light Cosmetic Upgrades On The Other 16 Units. The Common Areas Boast Separate Laundry Rooms Located On The Second And Third Floors, Storage Room With Individual Lockers For Each Unit, And New Lighting Throughout Hallways and Stairwells. The Exterior Offers Ample Parking With 25 Surface Lot Spots, And 9 Garage Spaces With Overhead Doors. Tenants Are Responsible For Electric, And Owner Is Responsible For Gas, Water/Sewer. Highly Sought After Location With Close Proximity To Major Highways, Lakewood Park, Downtown Cleveland, Kamm's Corners, Cleveland Metroparks Rocky River Reservation, Cleveland Clinic Fairview Hospital, Winterhurst Ice Arena, Screw Factory Artists Lofts, And Countless Dining/Entertainment Options Throughout Lakewood. Don't Miss This Rare Opportunity To Acquire An Incoming Producing Asset In A Prime Location With Historically Strong Appreciation!
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 314-21-023
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Listed by Thomas Fischer • RE/MAX Above & Beyond • [email protected], 440-773-3552