4-unit apartment building desirable area · desirable area lakewood real estate appreciated 48.89%...
Post on 14-Aug-2020
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$539,900
1265 Fry Ave Lakewood, Ohio 44107
• Completely remodeled inside and out
• 5080 sq. ft. /Taxes $6,977 Yr.
• (4) 900 sq. ft. 2 bed/1 bath units
• Actual $54,600 GRI/add $7,200 yr. upside at current market rents
• 1650 Sq. Ft. Basement with private laundry and storage room for each unit
• Private parking 2 lower units
• 24/7 Street parking 2 upper units
• Tenants pay gas & electric ,Owner pays taxes ,Ins. & water/sewer
• Fully leased through late Spring 2021
4-UNIT APARTMENT BUILDINGDESIRABLE AREA
Lakewood real estate appreciated 48.89% over the last ten years putting Lakewood in the top 20%
nationally for real estate appreciation!*Source-NeighborhoodScout
0% vacancy factor w/50 person waiting list!
Michael Burrington 440-488-8444 michaelburrington@howardhanna.com
Information is reliable but not guaranteed
• Located off Clifton and walking distance to bus line, groceries, bars & restaurants, nightlife, parks etc..
• Lucky’s Market, Chipotle, Starbucks, Huntington, Café’s, Fitness Center, Minute Clinic
• Minutes to Pier W, Lakehouse Restaurant, Edgewater Beach, Downtown Cleveland and freeway!!!
1265 Fry Ave. Lakewood, Ohio
• Minutes from Cleveland’s Historic Edgewater District and Edgewater Park Beach, Yacht Club as well as downtown Cleveland amenities.
All Kitchens completely remodeled
• 4 newer furnaces &
hot water tanks
• Owners secure/private workshop and a storage room in basement
• 4 washers and 4 dryers (3 washers and 2 dryers new in 2019 & 2020
• Updated electrical
• P.O.S. COMPLIANT -VIOLATION FREE BUILDING PER CITY INSPECTION & RE-INSPECTION 2019. RENOVEATED/ REMODELED INTERIOR & EXTERIOR OF BUILDING.
• QUALITY WORKMANSHIP & MATERIALS THROUHOUT!
• 2017 Rubber roof; Ext. “Locks On” paint; new landscaping• 10 new exterior steel doors- security coded entry doors• 4 newer furnaces & hot water tanks• 50+ Newer Vinyl windows w/aluminum frame ext. All glass block
in bathroom showers and basement w/ screen vents.• Newer Electrical (breaker panels)and plumbing, including 30 new
“Shark Bite” shut-off valves in basements.• New 2019 LARGE stainless appliances w/3 dishwashers, extra
quiet disposals. Carpet, Flooring & Paint throughout• LED remote control ceiling fans & lights with remotes throughout• Custom blinds installed on all unit windows• Each unit has a freestanding A/C unit and electric “wood burning
stove style fireplaces”• Each unit has their own private washer & dryer (4 new in 2019)
& private storage room.• Kitchens: 3 units have granite counters, ceramic tile plank
flooring, dishwashers & coffee bars. Unit 3 has new granite look Formica counters & WATERPROOF vinyl plank flooring.
• Baths complete remodel: Ceramic tile with cement board back walls, flooring, tubs, toilets, sinks, vanities, faucets, plumbing, shower heads, lighting, GFI outlets & switches.
• Vinyl ceilings on porches & balconies w/new LED lights • Exterior paint
• Enclosed back stairwell for storage shelter & security.
• 1265 Fry Ave. Rent Roll lease inception / expiration
• #1 $1200 6/1/19 - 6/1/21
• #2 $1200 5/15/19 - 5/15/21
• #3 $1100 5/1/19 - 5/1/21
• #4 $1050 (discounted $50. mo. 5/1/19 - 5/1/21
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