Property Description

Rented Commercial Investment | Lakewood, OH | $$97,236$$ in yearly gross income in an increasing rental market. Prime income-producing commercial property in the heart of Lakewood, offering immediate rental income. The property features 6 apartments and 3 storefronts, providing a strong mix of residential and commercial income. The apartments include one 3-bedroom, one 2-bedroom, and four 1-bedroom units. One established business currently occupies two of the three storefronts. Ideally located near Lakewood's vibrant downtown, shops, restaurants, parks, and entertainment, with convenient access to Lake Erie, Edgewater Park, Gordon Park, and downtown Cleveland. Just a short distance from Cleveland, this is an excellent opportunity for investors seeking a turnkey commercial property in a highly desirable location. Updated electrical, vinyl windows, all units have been painted and have newer flooring and appliances over the past 5 years, well maintained. Rare off street parking behind building on Cordova Ave.

Property Features

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