29655 Detroit Rd Westlake, OH 44145

This exceptional 15-unit apartment building presents a compelling investment opportunity in Westlake, Ohio. Situated on a 0.61-acre lot at 29655 Detroit Rd (44145), this three-story, 15,876 square foot building boasts 100% occupancy. Built in 1963 and extensively renovated in 2018, the property features a mix of one, two, and three-bedroom units, each modernized within the last six years. Residents enjoy ample parking with over 20 spaces available. The property benefits from a prime location near Crocker Park, I-90, and a major RTA line, offering convenient access to shopping, dining, and transportation. Further enhancing its appeal, the building includes a common laundry facility generating additional income. Recent upgrades (since 2022) encompass windows, the parking lot, security systems, plumbing, and electrical systems. The property is zoned R-MF24 and includes an assumable loan at 4.1%. Financial statements and rent rolls are available upon request. This stabilized investment offers a price per unit of $166,666.67, with a total asking price of $2,500,000 ($157.47/sq ft). The property's APN is 211-27-005.