Lakewood IV Portfolio

Highlights

• All four properties located within 2 miles of each other with restaurants, nightlife, shopping, and major employers in between
• Attractive going-in basis providing flexibility of business plan to renovate or organically increase rents
• Highly desirable suburban location of Lakewood; ranked #25 out of 6,805 suburbs nationwide for Young Professionals and is the densest city between NYC and Chicago
• Owned and managed by local family for the last 50+ years
• Strong historical occupancy averaging in the high 90s percent
• Upside through organic rent growth of $100+ and upside through cosmetic updates of $250+ on average
• Within 10 minutes of Ohio City, Tremont, and Downtown Cleveland

Location

Located at 1394 Webb Rd, Lakewood, OH 44107, this property is part of the Lakewood neighborhood.