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Lakeland Commons 25450-25454 Euclid Ave 197 Unit Apartment Building For Sale Euclid, OH 44117
Investment Highlights
- Two multi-family apartment buildings, 197 units available
- The property offers controlled access, and on-site management
- Plenty of convenient access to shopping, dining and public transit options
- Mix of studio, one, and two bedroom apartments
- Strategically located near key transportation routes
- Amenities: Hookups, Laundry Facility, Dishwasher, Off Street Parking, Carport Covered, Air Conditioning, Gas Master Metered
Executive Summary
Multifamily Investment Opportunity
Property Facts
| Sale Type | Investment | Lot Size | 6.30 AC |
| No. Units | 197 | Building Size | 155,817 SF |
| Property Type | Multifamily | Average Occupancy | 37% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Zoning | U3 | ||
| Sale Type | Investment |
| No. Units | 197 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 6.30 AC |
| Building Size | 155,817 SF |
| Average Occupancy | 37% |
| No. Stories | 5 |
| Year Built | 1966 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | U3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Security System
- Laundry Service
- Package Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 364 |
| 1+1 | 120 | - | 590 |
| 2+1 | 57 | - | 801 - 950 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,625,155 | |
| Land Assessment | $265,615 | Total Assessment | $1,890,770 |
Property Taxes
Parcel Numbers
Land Assessment
$265,615
Improvements Assessment
$1,625,155
Total Assessment
$1,890,770
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Lakeland Commons | 25450-25454 Euclid Ave
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