This property is Off-Market

14555 Madison Avenue
Lakewood, OH 44107 ·

59 Units · Multifamily For Sale

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Delta House Apartments

Price N/A Property Use Type Investment
No. Units 59 Cap Rate 8.27%
Building Size 59,080 SF Occupancy 98%
Property Type Multifamily Year Built 1964
Property Sub-type Mid/High-Rise Lot Size 0.68 AC
Listing ID: 15180599 Date Created: 06/13/2007 Last Updated: 01/07/2008

Description

The Delta House Aparments offer an investor the opporunity to own a prominent building in central Lakewood. The property has recently been updated with new hot water tanks and a new roof in 2005. All suites are carpeted and offer air conditioning in addition to private balconies. Tenants enjoy laundry rooms on each floor and garage and surface parking on site. Delta House has been operated by the original builder for the last 43 years is being offered for sale for the very first time.

Delta House Apartments are located in the mature, all encompassing suburb of Lakewood, Ohio. Apartments are in high demand because of their proximity to Hospitals, Banks, Restaurants, Grocery Stores, Coffee Shops, and Retail Centers both in Lakewood and Rocky River. Madison Avenue is a main thoroughfare with easy access to downtown Cleveland, the affluent suburb of Rocky River, and Interstate 90.

Highlights

  • Offered for Sale by Original Owner
  • Private Balconies
  • Garage Parking
  • New Roof (2005)
  • New Hot Water Tanks
  • Central Lakewood Location

Research

14555 Madison Avenue, Lakewood, OH 44107 (Cuyahoga County)

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