50
See all 50 photos
$699,900
Est. payment /mo
6,272 Sqft Lot
New
16812 Madison AVE Lakewood, OH 44107
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Mathews & Gilberts 03
MLS Listing ID 5151332
HOA Y/N No
Year Built 1923
Annual Tax Amount $25,114
Tax Year 2024
Lot Size 6,272 Sqft
Acres 0.144
Property Sub-Type Apartment
Property Description
Investor Opportunity in Lakewood! This solid brick multi unit property 9,363 sqft and $7,619 in monthly income delivers lasting stability and strong curb appeal. It features 11 one bedroom one bath units most with a living room, dining room and balcony. Select units highlight original hardwood flooring, while others include carpet or ceramic tile, offering both durability and variety. Walkable to the many shops, restaurants and bars throughout Lakewood along with the Metroparks Rocky River Valley. The location offers direct access to I-90, the Cleveland Lakefront Shoreway via Clifton Boulevard ensuring excellent regional connectivity. Public transit further enhances accessibility with RTA Bus Route 25 running in front of the property connecting with the Redline train the the airport, downtown and University Circle. With Lakewood's proven rental demand and strong occupancy rates, this property represents a reliable addition to any portfolio, with immediate income and long term growth potential.
Location
State OH
County Cuyahoga
Rooms
Basement Partial, Walk-Out Access
Interior
Heating Hot Water, Steam
Cooling None
Fireplace No
Exterior
Parking Features No Garage, On Street
Fence Back Yard, Chain Link
Water Access Desc Public
Roof Type Composition,Flat
Building
Sewer Public Sewer
Water Public
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 313-21-023
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by David S Sharkey • Progressive Urban Real Estate Co • dsharkey@progressiveurban.com, 216-533-1617