14235 W Lorain AVE Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44111
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5134517
Year Built 1962
Annual Tax Amount $57,618
Tax Year 2024
Lot Size 0.900 Acres
Property Sub-Type Apartment
Property Description
Welcome to Garden West Apartments. This 44-unit apartment community features (3) buildings, (32) 1BA/1BA and (12) 2BR/2BA residences. (42) parking spaces, building owned laundry in each building and wall A/C per unit round out the amenities. Over twenty years of hands-on, full-time management by ownership is evident as you walk the property and examine the rent roll. Nearly 50% of the tenancy has been with the building pre-Covid, which presents a unique opportunity to acquire an asset with stable tenancy AND upside. Physically, the buildings are in excellent shape with little to no deferred maintenance required. In addition, these buildings had been Lead Certified in 2021 and good for twenty years. A true turn-key property with potential admin upside to create more value. Income & Expense Statement available upon request.
Location
State OH
County Cuyahoga
Interior
Heating Baseboard,Gas
Cooling Wall Unit(s),Wall/Window Unit(s)
Exterior
Parking Features Assigned,Asphalt,On Site,Off Street,Parking Lot,Private
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809