25450 Euclid Ave Euclid, OH 44117
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 25450 Euclid Ave
- Year built
- 1966
- Property type
- Apartment buildings
Description
Lakeland Commons, a multifamily investment opportunity located at 25450 Euclid Ave, Euclid, Ohio 44117, presents a compelling proposition for discerning investors. This property comprises two buildings totaling 197 units, offering a diverse mix of studio, one-bedroom, and two-bedroom apartment layouts to cater to a wide range of tenants. Currently operating at 48.22% occupancy, this presents a significant upside potential for increased revenue generation. Constructed in 1966, the buildings benefit from controlled access, enhancing security for residents and providing peace of mind. On-site management ensures efficient operations and responsive tenant services. The strategic location near major transportation routes provides convenient access for commuters, while the proximity to shopping, dining, and public transit options adds to the property's appeal and enhances its desirability for potential renters. This presents a unique chance to acquire a substantial multifamily asset in a thriving Ohio market with the potential for significant returns on investment. The property's size and existing infrastructure offer immediate income generation and long-term growth opportunities. Cuyahoga County's robust economy and consistent demand for rental housing further solidify this investment's potential. The asking price for this exceptional property is $6,999,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Euclid
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5054
- Latitude
- 41.5849
