17105 Madison Ave Lakewood, OH 44107
Well-maintained 12-unit building in desirable Lakewood location.
Property Features for 17105 Madison Ave
General Information
- Standard status
- Active
Building Details
- Year built
- 1959
Source:
Crexi
Listing Agency: HALSTEAD CAPITAL LLC Listing Agent: Mark Moskwa
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lakewood Multifamily Property with Garages
Located in the highly desirable Lakewood sub-market, 17105 Madison is a well-maintained 12-suite property. The building features a desirable unit mix consisting of 10 two-bedroom units. Unique building features include a gabled roof and covered garage. The property benefits from a low operating cost structure due to individually metered gas furnaces. Situated within the Hilliard Triangle, the property is directly across from the Rocky River Reservation, ensuring strong rental demand. One unit features modern upgrades including granite countertops and modern bathroom vanities; one unit remains unupdated due to a long-term tenant. Tenants are responsible for gas and electricity expenses. Each unit includes its own garage space, with individual storage space available on-premise. An on-site laundry facility provides additional income. The property experiences high rental demand, particularly from March through October. A high walk score provides exceptional accessibility to local dining, boutiques, and amenities. This turn-key property offers an attractive entry point with potential for value enhancement through rent adjustments and monetization of parking spaces.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8161764
- Latitude
- 41.4772831
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FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit building in desirable Lakewood location.
Where is this apartment building located?
The property is located at 17105 Madison Ave Lakewood, OH.
What are key features of this property?
This property features: - Prime Lakewood Location: Directly across from the Rocky River Reservation, ensuring strong rental demand.; - Desirable Unit Mix: Features 10 two-bedroom units out of 12 total suites.; - Low Operating Costs: Tenants pay for both gas and electricity.
