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Multifamily

Lakeland

2018 Lakeland Ave, Lakewood, OH 44107

Listing Price: $1,150,000

Cap Rate
7.14%
Number of Units
8
GRM
9.49
Occupancy
100.0%
Price/Unit
$143,750
Price/Gross SF
$150.33
Gross SF
7,650

Investment Overview

Marcus & Millichap is pleased to present Lakeland Apartments, 8 units offered in conjunction with The Atkins and McKinley Manor – a 3 property portfolio in Lakewood, Ohio.

Investment Highlights

  • Being Offered in Conjunction with The Atkins and McKinley Manor – a Three Property Portfolio Consisting of Highly Renovated, Cash-Flowing Apartment Communities Located Within Half of a Mile
  • Over $350,000 ($43,750/Unit) Invested Into the Property Over the Last Eight Years
  • Strong Historical Occupancy Averaging in the High 90s to 100 Percent
  • Walking Distance to Dozens of Bars, Restaurants, and Nightlife
  • One Mile from the Cleveland Metropark's Rocky River Reservation
  • Highly Desirable Suburban Location of Lakewood; Ranked #25 out of 6,805 Suburbs Nationwide for Young Professionals and is the Densest City Between NYC and Chicago
  • Less Than Two Miles from Downtown Rocky River Featuring Whole Food's, Heinen's, First Watch, Rocky River Wine Bar, and a Plethora of Quaint Shoppes
  • Within 15 Minutes of Ohio City, Tremont, and Downtown Cleveland

Exclusively Listed By

Financing By

Listing Price: $1,150,000

Cap Rate
7.14%
Number of Units
8
GRM
9.49
Occupancy
100.0%
Price/Unit
$143,750
Price/Gross SF
$150.33
Gross SF
7,650

Investment Highlights

  • Being Offered in Conjunction with The Atkins and McKinley Manor – a Three Property Portfolio Consisting of Highly Renovated, Cash-Flowing Apartment Communities Located Within Half of a Mile
  • Over $350,000 ($43,750/Unit) Invested Into the Property Over the Last Eight Years
  • Strong Historical Occupancy Averaging in the High 90s to 100 Percent
  • Walking Distance to Dozens of Bars, Restaurants, and Nightlife
  • One Mile from the Cleveland Metropark's Rocky River Reservation
  • Highly Desirable Suburban Location of Lakewood; Ranked #25 out of 6,805 Suburbs Nationwide for Young Professionals and is the Densest City Between NYC and Chicago
  • Less Than Two Miles from Downtown Rocky River Featuring Whole Food's, Heinen's, First Watch, Rocky River Wine Bar, and a Plethora of Quaint Shoppes
  • Within 15 Minutes of Ohio City, Tremont, and Downtown Cleveland

Investment Overview

Marcus & Millichap is pleased to present Lakeland Apartments, 8 units offered in conjunction with The Atkins and McKinley Manor – a 3 property portfolio in Lakewood, Ohio.

Exclusively Listed By

Financing By

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