Multifamily
Kenilworth Arms
1352 Kenilworth Ave, Lakewood, OH 44107
Listing Price: $2,800,000
Cap Rate
4.71%
Number of Units
32
GRM
7.09
Occupancy
88.0%
Price/Unit
$87,500
Price/Gross SF
$134.62
Gross SF
20,800
Investment Overview
Marcus & Millichap is pleased to present Kenilworth Arms, 32 units in Lakewood, Ohio.
Kenilworth Arms
Investment Highlights
- Owned by Out-of-Town Partnership and Third-Party Managed
- All Units and Common Areas Renovated Over Last 18 Months
- In-Place Rents Currently $100 Plus below Direct Competitors
- Garage, Carport and Surface Parking Provide a Significant Competitive Advantage Compared to the Majority of Lakewood Apartment Communities
- Located in Lakewood, Ohio, the Highest Density City between NYC and Chicago and Ranked #31 Out of 6,805 Qualifying Suburbs Nationally for Young Professionals to Reside
Exclusively Listed By
Financing By
Listing Price: $2,800,000
Cap Rate
4.71%
Number of Units
32
GRM
7.09
Occupancy
88.0%
Price/Unit
$87,500
Price/Gross SF
$134.62
Gross SF
20,800
Investment Highlights
- Owned by Out-of-Town Partnership and Third-Party Managed
- All Units and Common Areas Renovated Over Last 18 Months
- In-Place Rents Currently $100 Plus below Direct Competitors
- Garage, Carport and Surface Parking Provide a Significant Competitive Advantage Compared to the Majority of Lakewood Apartment Communities
- Located in Lakewood, Ohio, the Highest Density City between NYC and Chicago and Ranked #31 Out of 6,805 Qualifying Suburbs Nationally for Young Professionals to Reside
Investment Overview
Marcus & Millichap is pleased to present Kenilworth Arms, 32 units in Lakewood, Ohio.
Exclusively Listed By
Financing By
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