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13348 Madison AVE Lakewood, OH 44107
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Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Waterbury Heights
MLS Listing ID 4258069
Sold Date 11/05/21
HOA Y/N No
Year Built 1924
Annual Tax Amount $9,600
Lot Size 5,998 Sqft
Acres 0.1377
Property Description
RARE mixed-used building with HUGE UPSIDE in one of the most desirable areas in Cleveland!!! There are very few opportunities like this in Lakewood right now - not to mention...LOCATION, LOCATION, LOCATION! In close proximity to Madison Park (which has a swimming pool, playground, tennis courts & baseball diamond) and countless dining & cafe options including Angelo's Pizza, EuroGyro, Rising Star Coffee, The Red Rose Cafe, Coffee Pot, Waterbury Bistro, Tacto Tont's, Barroco's and so much more. This building is comprised of 5 residential units with 3, 1-beds // 1, 2-bed // 1 studio, and two retail/commercial spaces, both of which are currently occupied by a yoga studio tenant for a total of $1,025 per month. Residential units and their current rents include...Unit 1 (Studio): Occupied @ $385 // Unit 2 (2-bed): Vacant (potential rent $1000) // Unit 3 (1-bed): Occupied @ $650 // Unit 4 (1-bed): Occupied @ $500 // Unit 5 (1-bed): Occupied @ $475 with on-site coin laundry! The owner pays fo
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Gas, Radiator(s)
Cooling None
Fireplace No
Exterior
Parking Features On Site, Paved
Water Access Desc Public
Roof Type Flat
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 315-06-022
Financing Conventional,Trade
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Bought with Joseph A Zingales • BHHS Professional Realty