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  • Area 13800 sq ft
  • Floors 3
  • Bedrooms 5
  • Bathrooms 5+

Description

24 unit apartment building. All 1bd, 1ba with balconies. Building is concrete block construction with brick veneer. Tenants pay electric and owner pays heat, water/sewer. On-site garage parking as well as lot parking. Air conditioning in each unit. Location Description: Well located near Cleveland/Lakwook border. Minutes from Downtown and Lakewood. Near Rapid Transit station. Owner is also willing to sell just the corporation in which the building is held in for aprox. $75,000, in return the new buyer signs a promissory note to continue the mortgage payments until Sept. 2007, at that time new buyer can refinance the building in their name.

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Exterior Property Information

  • Sale Status: Expired
  • Parking Spaces: 30
  • Net Operating Income: 54000 space(s) / 1,000 ft.2
  • Price: $650,000.00
  • Gross Operating Income: 129000
  • Fair market value: 610000
  • Occupancy Rate: 100.00 %
  • Operating Expenses: $ 75000
  • Year Built: 1964
  • Number of units: 24
  • Phone: 626-353-7221
  • Email: beckontrac@netzero.com

Exterior Features

  • Lawn sprinklers
  • On-site laundry

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