Historical Multifamily Sale Listing - Delta House Apartments

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Delta House Apartments

14555 Madison Avenue, Lakewood, OH 44107

N/A

59 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
59
Building Size:
59,080 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
8.27%
Occupancy:
98%
Year Built:
1964
Lot Size:
0.68 AC
Listing ID
15180599
Last Updated
over 1 year ago

Highlights

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

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.

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

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