Address
11709 Nelson Ct, Lakewood, OH
Price
$ 2,199,900
Property Attributes
- MLS#4397047
- TypePending
- CountyCUYAHOGA
- CityLakewood
- NeighborhoodT H Irvines Allotment
- Zip44107
- StyleApartment
- Price$ 2,199,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage16496
- Lot Size2,601 SqFt
Data Source:
MLSNow
Property Description
Seller has a professional management company and is offering 1 FREE YEAR OF PM FOR NEW OWNER!! PLEASE SEE SUPPLEMENTS FOR FULL OFFERING MEMORANDUM! The Lakewood 16 is an investor's dream! Not only will you be adding 16 TURNKEY units in one of the most desired investment locations in Cleveland, they're all NEXT DOOR to each other! Benefits include: easy to manage (current professional management company in place for smooth transition), all turnkey and updated (don't lift a finger), highly desirable rental area, properties will only keep appreciating and all properties have been well cared for and maintained. All units have been EXTENSIVELY renovated including white shaker cabinets, granite countertops, stainless steel appliances, refinished hardwood floors or LVP throughout and select bathrooms have gone through full updating including tile surrounds, new tubs/showers, new vanity/mirror, etc. All 2 and 3-bed units have brand new central air just installed and all 2-bed apartments come with a 1-car garage included in the rent (can potentially receive additional income for these). The new lucky owner will casually be bringing in over $230,000/year of gross collected rent from all four properties combined - who doesn't want that?! Please take note, the units have been very recently renovated/finished and the current professional management company is leasing the units out. The sellers will deliver the portfolio 90%+ occupied by time of sale transfer.
| Price History | |
|---|---|
| 8/1/2022 | Listed $2,199,900 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Association Y/N | No |
| Buyer Agent Compensation | 3/2/1 |
| Carport Y/N | No |
| City | Lakewood |
| Cooling | CentralAir |
| County | Cuyahoga |
| Directions | 4 quads all located next to one another in Lakewood |
| Garage Y/N | No |
| Heating | ForcedAir, Gas |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Mobilehomeremainsyn | No |
| New Construction | No |
| Possession | DeliveryOfDeed |
| Private Pool | No |
| Property Attached Y/N | No |
| Property Sub Type Additional | Apartment |
| Property SubType | Apartment |
| Property Type | CommercialSale |
| Rent Control Y/N | No |
| Senior Community Y/N | No |
| Sewer | PublicSewer |
| Standard Status | Pending |
| Status | Pending |
| Street Name | Nelson |
| Subdivision Name | T H Irvines Allotment |
| Terms | Cash, Conventional, Trade |
| Township | Lakewood |
| View Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/11709-Nelson-Ct-Lakewood-OH-44107/unbranded |
| Waterfront Y/N | No |
| Year Built | 1916 |
| Year Built Details | Actual YBT |
Interior Features
| Above Grade Finished Area | 16496.0 |
|---|---|
| Air Conditioning Y/N | Yes |
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Court |
Exterior Features
| Attachedgarageyn | No |
|---|---|
| Days on Market | 115 |
| Living Area | 16496.0 |
| Showing Instructions | Call Agent |
| Building Area Total | 16496.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 0.0597 |
| Lot Size Area | 0.0597 |
| Lot Size Units | Acres |
| Open Parking Y/N | No |
| Spa | No |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 44107
Price
Visits
Year Built
Walkscore
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