Waterfront
Address
12700 Lake Avenue Lakewood, OH
Price
$ 700,000
Property Attributes
  • MLS#4251020
  • TypeContingent
  • CountyCUYAHOGA
  • CityLakewood
  • AreaLakewood
  • NeighborhoodWinton Place
  • Zip44107
  • StyleApartment
  • Year Built1962
  • Taxes15647
  • Price$ 700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Gregory Erlanger with Keller Williams Citywide
Data Source:
Yes MLS, INC - Northern Ohio Regional Multiple Lis
Property Description

This is a very unique opportunity to own 10 Condominiums in a Class A Iconic Condominium Building on the Shores of Lake Erie. There are 4 one-bedroom and 6 studio Condominium apartments. All units have full or partial water views. All units are currently rented at a total of $8,525/mo. Many to longtime tenants. Proforma rents upwards to 10,950/mo. This is full service building with many amenities that make this easy to rent. Those amenities include an indoor heated Olympic pool, a fitness center, basketball and tennis courts, a game room conference room and beauty shop. The property features a lakefront restaurant (Pier W.) which hangs off the shore of Lake Erie beneath the building. All of this makes for an excellent investment package that rarely comes on the market. Additional financial information provided available.

Price History
1/21/2021 Listed $700,000

General Features

Cooling Central Air
Heating Gas, Hot Water, Steam
Location Suburban, Waterfront
MLS Area Lakewood
Property SubType Apartment
Property Type Commercial Sale
Roof Other
Sewer Public Sewer
Subdivision Name Winton Place
Terms Cash, Conventional
Township Lakewood
Virtual Tour https://www.propertypanorama.com/12700-Lake-Ave-Lakewood-OH-44107/unbranded

Interior Features

Air Conditioning Y/N Yes
Basement None
Heating Y/N Yes

Exterior Features

Lot Size Units Acres
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 44107

Price
AVG $310K
$700K
Taxes
AVG $4,960
$15,647
Visits
AVG 173
21
Year Built
AVG 1934
1962
Walkscore
AVG 72
43
Data Provided by Walkscore ® not using MLS data

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