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Archived 9 months ago

$117,000

2 bd 1 ba 924 sqft

Lakewood, OH 44107

Residential Condo

Current Rent **

N/A

Projected Rent **

$1,400

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Gold Coast Condo on Lake Erie

Updated 2 Bedroom condo with Assigned Parking in Lakewood Gold Coast Lake House. The condo has a large living room, dining area over looking Lake Erie and Eastern view of downtown. The condo has been extensively updated with new kitchen cabinets, granite countertops, new flooring throughout, newly painted with updated light fixtures. Affordable access to lake front living, Building amenities include an exercise room, laundry room, restaurant, outdoor inground heated pool, party room, beauty salon, outdoor picnic area, outdoor parking deck (fee), overnight guest passes (fee), security, daily housekeeping for common area, bike storage room, front desk service M-F from 8 am to 8 pm, Saturday from 8 am to 4 pm. Access to rooftop for an even better view of Lake Erie, downtown Cleveland and the surrounding Gold Coast area of Lakewood. This unit has a deeded indoor garage parking space included in the sale (Space 122). The HOA allows leasing, annual and mid term rental periods.

Location:

Lakewood, OH 44107

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.