Lakeland Commons | 25450-25454 Euclid Ave
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Lakeland Commons 25450-25454 Euclid Ave
197 Unit Apartment Building $6,999,000 ($35,528/Unit) Euclid, OH 44117
INVESTMENT HIGHLIGHTS
- Two buildings, 198 units
- The Property offers controlled access, and on site management
- Plenty of convenient access to shopping, dining and public transit options
- Mix of studio, one, and two bedroom apartments
- Strategically located near key transportation routes
PROPERTY FACTS
| Price | $6,999,000 | Building Class | C |
| Price Per Unit | $35,528 | Lot Size | 6.30 AC |
| Sale Type | Investment | Building Size | 155,817 SF |
| No. Units | 197 | Average Occupancy | 65% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Mid Rise | Parking Ratio | 1.59/1,000 SF |
| Price | $6,999,000 |
| Price Per Unit | $35,528 |
| Sale Type | Investment |
| No. Units | 197 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 6.30 AC |
| Building Size | 155,817 SF |
| Average Occupancy | 65% |
| No. Stories | 5 |
| Year Built | 1966 |
| Parking Ratio | 1.59/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Security System
- Laundry Service
- Package Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | 364 |
| 1+1 | 120 | - | 590 |
| 2+1 | 57 | - | 801 - 950 |
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PROPERTY TAXES
| Parcel Number | 648-54-001 | Improvements Assessment | $1,543,360 |
| Land Assessment | $297,500 | Total Assessment | $1,840,860 |
PROPERTY TAXES
Parcel Number
648-54-001
Land Assessment
$297,500
Improvements Assessment
$1,543,360
Total Assessment
$1,840,860
ZONING
| Zoning Code | U3 |
| U3 |
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Lakeland Commons | 25450-25454 Euclid Ave
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