$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 BUILDINGDESIRABLE 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