12700 Lake Ave, Lakewood, OH 44107
sale
$700,000
|
Apartment
Courtesy Of Keller Williams Citywide
This is a very unique opportunity to own 10 Condominiums in a Class A Iconic Condominium Building on the Shores of Lake Erie. There are 4 one-bedroom and 6 studio Condominium apartments. All units have full or partial water views. All units are currently rented at a total of $8,525/mo. Many to longtime tenants. Proforma rents upwards to 10,950/mo. This is full service building with many amenities that make this easy to rent. Those amenities include an indoor heated Olympic pool, a fitness center, basketball and tennis courts, a game room conference room and beauty shop. The property features a lakefront restaurant (Pier W.) which hangs off the shore of Lake Erie beneath the building. All of this makes for an excellent investment package that rarely comes on the market. Additional financial information provided available.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central A/C
- Heating System: Hot Water
- Heating System: Steam
- MLSID: 4251020
- Roof Type: Unknown
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