Vision Sales Team

1497 Coutant Avenue

Lakewood, OH 44107

MLS#: 5227228

$600,000

Status: Active
Listing number: 5227228
Listing provided by: RE/MAX Above & Beyond
Listing agent phone: None
Last update: 8 days ago
On site: 8 days ago
Browse Properties
Hiram M & C B Townsends Allot - Residential Income

Property

Beds

8

Full Baths

4

1/2 Baths

None

Year Built

1916

Sq.Footage

4,000

Attention investors! Don’t miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 2 bedroom, 1 bathroom apartments and is currently generating $5,025 per month in rental income, providing immediate cash flow from day one. Whether you’re looking to expand your rental portfolio or purchase a stable, income producing asset in one of Northeast Ohio’s strongest rental markets, this property checks all the boxes. With all units occupied, you’ll benefit from consistent rental income while enjoying the long-term appreciation potential that Lakewood continues to offer. Includes a second building with a four car garage and an expansive unfinished space above, potential for another 2 or 3 bedroom unit! Conveniently located near shopping, restaurants, parks, and major highways, this turnkey quadruplex is an excellent addition to any investor’s portfolio. *Must be sold with 11713 Nelson Ct, as these two parcels have been combined* Opportunities like this in Lakewood don’t come around often, submit your offer today!

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    4

  • Above Grade Finished Area

    4000.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    4

  • Construction Materials

    Brick

  • Parking

    Garage

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.2672

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $600,000

  • Tax Amount

    $9,937

  • Sq. Footage

    4,000

  • Price/SqFt

    $150

HOA

  • Association

    No

School District

  • Elementary School

    Lakewood CSD (Cuyahoga)- 1817

  • Middle School

    Lakewood CSD (Cuyahoga)- 1817

  • High School

    Lakewood CSD (Cuyahoga)- 1817

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Lakewood CSD (Cuyahoga)- 1817

Middle School

Lakewood CSD (Cuyahoga)- 1817

High School

Lakewood CSD (Cuyahoga)- 1817

Listing Courtesy of Armani Adames , RE/MAX Above & Beyond

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Agent Tami Reiss

AGENT

Tami Reiss

Call Tami today to schedule a private showing.

(330) 338-6293

Tami@VisionSalesTeam.com


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Attention investors! Don’t miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 2 bedroom, 1 bathroom apartments and is currently generating $5,025 per month in rental income, providing immediate cash flow from day one. Whether you’re looking to expand your rental portfolio or purchase a stable, income producing asset in one of Northeast Ohio’s strongest rental markets, this property checks all the boxes. With all units occupied, you’ll benefit from consistent rental income while enjoying the long-term appreciation potential that Lakewood continues to offer. Includes a second building with a four car garage and an expansive unfinished space above, potential for another 2 or 3 bedroom unit! Conveniently located near shopping, restaurants, parks, and major highways, this turnkey quadruplex is an excellent addition to any investor’s portfolio. *Must be sold with 11713 Nelson Ct, as these two parcels have been combined* Opportunities like this in Lakewood don’t come around often, submit your offer today!

1497 Coutant Avenue

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