Investment Property Active
For Sale
  • Multifamily

    • 20580 Lorain Road

    20580 Lorain Road, Cleveland, OH 44126 United States
    Investment Property Active
    For Sale
  • Multifamily

    • 20580 Lorain Road

    20580 Lorain Road, Cleveland, OH 44126 United States
    Lot Size
    1.41 Acres
    Construction Status
    Existing
    Built
    1955
    Lot Size
    1.41 Acres
    Construction Status
    Existing
    Built
    1955

    OVERVIEW

    Royal Oaks is a meticulously maintained property consistently achieving occupancy levels of 95% or above. A select number of units have undergone tasteful remodeling featuring LVT flooring, and each unit is equipped with an in-suite washer and dryer for added convenience. Recent improvements include new roofs installed in November 2023 and several window replacements, ensuring modern functionality and aesthetics. With a projected Net Operating Income (NOI) of $270,000 in 2025, a five-mile population exceeding 233,000, and an average household income above $100,000, Royal Oaks offers strong growth potential. Priced at $3,550,000, the property comprises two buildings originally built in 1955 (renovated in 2024), each spanning three floors and totaling 30 three-bedroom, one-bath units. Situated on 1.41 acres, Royal Oaks provides ample parking with 45 surface spaces.

    CONTACT

    Key Features
    • Royal Oaks is a meticulously maintained property consistently achieving occupancy levels of 95% or above. A select number of units have undergone tasteful remodeling featuring LVT flooring, and each unit is equipped with an in-suite washer and dryer for added convenience. Recent improvements include new roofs installed in November 2023 and several window replacements, ensuring modern functionality and aesthetics. With a projected Net Operating Income (NOI) of $270,000 in 2025, a five-mile population exceeding 233,000, and an average household income above $100,000, Royal Oaks offers strong growth potential. Priced at $3,550,000, the property comprises two buildings originally built in 1955 (renovated in 2024), each spanning three floors and totaling 30 three-bedroom, one-bath units. Situated on 1.41 acres, Royal Oaks provides ample parking with 45 surface spaces.

    Details

    Sale Price:
    $3,400,000 USD
    Lot Size:
    1.41 Acres
    Construction Status:
    Existing
    Year Built:
    1955

    CONTACT

    20580 Lorain Road

    LOCATION

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