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    12700 Lake Avenue

    Lakewood, OH 44107
    • $700,000
    • STATUS: Contingent
    • ON SITE: 41 days
    • MLS #: 4251020
    Under Contract
    UPDATED: 20 min ago
    $700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Keller Williams Citywide.
    Listing information © 2021 YES-MLS.

    Description

    This is a very unique opportunity to own 10 Condominiums in a Class A Iconic Condominium Building on the Shores of Lake Erie. There are 4 one-bedroom and 6 studio Condominium apartments. All units have full or partial water views. All units are currently rented at a total of $8,525/mo. Many to longtime tenants. Proforma rents upwards to 10,950/mo. This is full service building with many amenities that make this easy to rent. Those amenities include an indoor heated Olympic pool, a fitness center, basketball and tennis courts, a game room conference room and beauty shop. The property features a lakefront restaurant (Pier W.) which hangs off the shore of Lake Erie beneath the building. All of this makes for an excellent investment package that rarely comes on the market. Additional financial information provided available.

    Monthly Payment Calculator

    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX Edge Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-03-04T23:07:50.063.
    www.akroncantonhomesonline.com/homes/113475692
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    12700 Lake Avenue Lakewood, OH 44107

    • Price: $700,000
    • Status: Contingent
    • Updated: 20 min ago
    • MLS #: 4251020
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Winton Place
    County:
    Cuyahoga
    Area:
    Lakewood
    Property Description
    This is a very unique opportunity to own 10 Condominiums in a Class A Iconic Condominium Building on the Shores of Lake Erie. There are 4 one-bedroom and 6 studio Condominium apartments. All units have full or partial water views. All units are currently rented at a total of $8,525/mo. Many to longtime tenants. Proforma rents upwards to 10,950/mo. This is full service building with many amenities that make this easy to rent. Those amenities include an indoor heated Olympic pool, a fitness center, basketball and tennis courts, a game room conference room and beauty shop. The property features a lakefront restaurant (Pier W.) which hangs off the shore of Lake Erie beneath the building. All of this makes for an excellent investment package that rarely comes on the market. Additional financial information provided available.
    Exterior Features

    Roof Other

    Interior Features

    Basement None Basement YN No Building Area Total 0 Cooling Central Air Cooling YN Yes Heating GasHot WaterSteam Heating YN Yes

    Property Features

    Lease Considered YN No Listing Terms CashConventional Owner Pays GasHeatSewer Ownership Principal/Nr Property Sub Type Apartment Sewer Public Sewer Tax Annual Amount 15647 Tenant Pays Electricity Township Lakewood Water Source Public Year Built Details Actual Ybt

    Listing information © 2021 YES-MLS.
    Listing provided courtesy of Keller Williams Citywide.
    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX Edge Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-03-04T23:07:50.063.
     
    https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4251020-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4251020-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4251020-2.jpg
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    Listing courtesy of Keller Williams Citywide.
    Listing information © 2021 YES-MLS.