11709 Nelson Ct, Lakewood, OH
$ 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:
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
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


  • 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

AVG $330K
AVG 62
Year Built
AVG 1928
AVG 70
Data Provided by Walkscore ® not using MLS data

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