4-UNIT APARTMENT BUILDING DESIRABLE AREA DESIRABLE AREA Lakewood real estate appreciated 48.89% over

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    14-Aug-2020
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Transcript of 4-UNIT APARTMENT BUILDING DESIRABLE AREA DESIRABLE AREA Lakewood real estate appreciated 48.89% over

  • $539,900

    1265 Fry Ave Lakewood, Ohio 44107

    • Completely remodeled inside and out

    • 5080 sq. ft. /Taxes $6,977 Yr.

    • (4) 900 sq. ft. 2 bed/1 bath units

    • Actual $54,600 GRI/add $7,200 yr. upside at current market rents

    • 1650 Sq. Ft. Basement with private laundry and storage room for each unit

    • Private parking 2 lower units

    • 24/7 Street parking 2 upper units

    • Tenants pay gas & electric ,Owner pays taxes ,Ins. & water/sewer

    • Fully leased through late Spring 2021

    4-UNIT APARTMENT BUILDING DESIRABLE AREA

    Lakewood real estate appreciated 48.89% over the last ten years putting Lakewood in the top 20%

    nationally for real estate appreciation! *Source-NeighborhoodScout

    0% vacancy factor w/50 person waiting list!

    Michael Burrington 440-488-8444 michaelburrington@howardhanna.com

    Information is reliable but not guaranteed

  • • Located off Clifton and walking distance to bus line, groceries, bars & restaurants, nightlife, parks etc..

    • Lucky’s Market, Chipotle, Starbucks, Huntington, Café’s, Fitness Center, Minute Clinic

    • Minutes to Pier W, Lakehouse Restaurant, Edgewater Beach, Downtown Cleveland and freeway!!!

    1265 Fry Ave. Lakewood, Ohio

  • • Minutes from Cleveland’s Historic Edgewater District and Edgewater Park Beach, Yacht Club as well as downtown Cleveland amenities.

  • All Kitchens completely remodeled

  • • 4 newer furnaces &

    hot water tanks

    • Owners secure/private workshop and a storage room in basement

    • 4 washers and 4 dryers (3 washers and 2 dryers new in 2019 & 2020

    • Updated electrical

  • • P.O.S. COMPLIANT -VIOLATION FREE BUILDING PER CITY INSPECTION & RE-INSPECTION 2019. RENOVEATED/ REMODELED INTERIOR & EXTERIOR OF BUILDING.

    • QUALITY WORKMANSHIP & MATERIALS THROUHOUT!

    • 2017 Rubber roof; Ext. “Locks On” paint; new landscaping • 10 new exterior steel doors- security coded entry doors • 4 newer furnaces & hot water tanks • 50+ Newer Vinyl windows w/aluminum frame ext. All glass block

    in bathroom showers and basement w/ screen vents. • Newer Electrical (breaker panels)and plumbing, including 30 new

    “Shark Bite” shut-off valves in basements. • New 2019 LARGE stainless appliances w/3 dishwashers, extra

    quiet disposals. Carpet, Flooring & Paint throughout • LED remote control ceiling fans & lights with remotes throughout • Custom blinds installed on all unit windows • Each unit has a freestanding A/C unit and electric “wood burning

    stove style fireplaces” • Each unit has their own private washer & dryer (4 new in 2019)

    & private storage room. • Kitchens: 3 units have granite counters, ceramic tile plank

    flooring, dishwashers & coffee bars. Unit 3 has new granite look Formica counters & WATERPROOF vinyl plank flooring.

    • Baths complete remodel: Ceramic tile with cement board back walls, flooring, tubs, toilets, sinks, vanities, faucets, plumbing, shower heads, lighting, GFI outlets & switches.

    • Vinyl ceilings on porches & balconies w/new LED lights • Exterior paint

    • Enclosed back stairwell for storage shelter & security.

  • • 1265 Fry Ave. Rent Roll lease inception / expiration

    • #1 $1200 6/1/19 - 6/1/21

    • #2 $1200 5/15/19 - 5/15/21

    • #3 $1100 5/1/19 - 5/1/21

    • #4 $1050 (discounted $50. mo. 5/1/19 - 5/1/21