30
See all 30 photos
$325,000
Est. payment /mo
5,131 Sqft Lot
Active
2018 Dowd AVE Lakewood, OH 44107
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5252726
Construction Status Fixer
HOA Y/N No
Year Built 1915
Annual Tax Amount $7,233
Tax Year 2025
Lot Size 5,131 Sqft
Acres 0.1178
Property Sub-Type Apartment
Property Description
Lakewood Five-Unit Value-Add Investment Opportunity! Exceptional opportunity for investors to acquire an all brick multifamily property in the established in Lakewood's Birdtown market with significant potential to add value through renovations, improved management, and rental optimization. Long held by the same family, this property offers a chance to reposition a five-unit asset consisting of three 2-bedroom units and two 1-bedroom units. Rents have not kept pace with current market conditions, and the property requires updating and deferred maintenance, creating an opportunity for an investor ready to take on a renovation project. The building offers approximately 3,472 square feet of usable space per the county auditor's website, a brick exterior, some updated windows, and parking for four vehicles. Additional features include a large attic with potential for future finishing, along with basement storage and office space. Utilities are individually metered, with the exception of water. An excellent opportunity for an investor looking to renovate, improve operations, and unlock the property's long-term income potential in Lakewood. Great location - convenient access to local shopping, restaurants, parks, and major commuter routes. Buyers to conduct their own due diligence regarding property condition, renovation requirements, rental income, expenses, and the feasibility of any proposed improvements. No owner financing, no wholesalers, Selling AS-IS.
Location
State OH
County Cuyahoga
Rooms
Basement Concrete, Storage Space
Interior
Heating Forced Air
Cooling Central Air, Window Unit(s)
Fireplace No
Exterior
Parking Features No Garage, On Site, Off Street, Parking Lot
Water Access Desc Public
Total Parking Spaces 4
Building
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Fixer
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 315-23-187
Listed by Antonio Biasiotta • Keller Williams Elevate • AntonioB@KW.com, 440-223-0575
NEARBY SCHOOL & BUSINESS
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