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23257106
23257124

1825 Lakeview Road, East Cleveland, OH 44112 For Sale

Coldwell Banker Realty
Listed by Coldwell Banker Realty
$330,000
440 days on market
Updated 169 days ago

1825 Lakeview Road

Details
APN 672-13-026
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 4
NOI $58,264
Price per SqFt $54
Year Built 1904
Acreage 0.130

Multifamily | 4 Units

Marketing description

Perfect addition to your rental portfolio. This solid quadplex features four spacious units, each offering 3 bedrooms, 1 full bathroom, a kitchen with dinette space, a formal living room, and either a balcony (upper units) or a covered front porch (lower units) for outdoor enjoyment. Each unit showcases hardwood floors throughout, enhancing the property's charm and tenant appeal. Recent improvements include new windows, a new roof installed in 2023, new furnaces, and new water heater tanks—ensuring long-term durability and reduced maintenance costs. The two upper units will need some cosmetic repairs (TLC), and the property is being sold as-is. Virtually staged photos have been digitally enhanced to help buyers visualize the full potential of each space with cosmetic updates and value-add improvements. This building sits in the heart of the Circle East District—an area on the rise with major redevelopment projects underway that are poised to significantly boost property values in the near future. Centrally located near Case Western Reserve University, Cleveland Clinic, and University Circle, this property offers unparalleled access to world-class education and healthcare. Residents enjoy walkable access to restaurants, boutique shops, cafes, walking trails, and fitness centers—contributing to a vibrant, convenient lifestyle that attracts long-term tenants. Secure your position in one of Cleveland's most promising investment corridors. Don't miss the chance to be part of this exciting transformation.
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Listing Contacts

Coldwell Banker Realty
Listed by Coldwell Banker Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$58,264.00
$4,855.33/mo

Valuation Metrics

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DSCR
17.66%
Cap Rate
17.66%
ROI

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