13322 Madison Ave

This Madison Mixed-Use building is in the heart of Lakewood’s super-hot Birdtown Neighborhood. Listed on the National Register of Historic Places, this neighborhood on the east end of Lakewood has seen unprecedented growth in the past 10 years. Breweries, coffee shops, high-end retail and of course the anchor of it all, Mahall’s continue to attract residents looking for safe, convenient and hip places to call home.
The building boasts ten, 1 bedroom units that offer residents fantastic views in all directions of both the Lakewood and Cleveland skylines. Rents are more than $100 under market, leaving new ownership room to add value and bump rents as the neighborhood continues to mature. Individual furnaces for each unit, allowing the landlord to pass along gas and heating bills to tenants. The two retail  spaces are both occupied, but present endless opportunities to drive rents through amenity-focused retailers like fitness or dining.