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$325,000
13 Days Online

1548 Lakewood Avenue
Lakewood, OH 44107

For Sale|Duplex|Active
6
Beds
2
Full Baths
0
Partial Baths
3,388
SqFt
$96
/SqFt
1914
Built
Subdivision:
W H Humiston E A Wehrman & M S
County:
Cuyahoga
Call Now: 440-617-2500
Is this the home for you? We can help make it yours.
440-617-2500
1548 Lakewood Avenue1548 Lakewood Avenue1548 Lakewood Avenue1548 Lakewood Avenue
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Welcome to 1548 Lakewood Avenue, a unique mixed use property in the highly desirable suburb of Lakewood. Opportunity awaits any savvy investor or business owner in this renovated multi unit property. Located on a primarily residential block between the businesses, storefronts, shopping, restaurants and nightlife on Madison and Detroit and easily accessible to the main traffic artery of W 117th St. at the border of Lakewood and Cleveland. The second floor of this multi unit property is currently home to a fully operating airbnb rental grossing an average of $2500 per month (up to $4K in summer months). This three bedroom unit includes the finished third floor and is fully furnished (all included) with a modern aesthetic, custom guardian mural and offers a large upper level balcony for renters to enjoy (deck, stairs and fence to be painted). The first floor unit was previously used as an office space at $1600 a month but has potential for several uses including a 3 bedroom long or short term rental. Long term market rent for the down unit - residential or office is around $1750-1850 while a short term rental is sure to bring in more. All office furnishings including desks, chairs tables, file cabinets, TV, printer and supplies included if desired. The building underwent a full renovation after the seller's purchase in 2017 including a full tear off and reroof. Other highlights include fully fenced yard, central air (down), large full basement with lots of room for storage, vinyl & glass block windows throughout, large off street parking area with room for at least 5 cars and all furnishings and appliances included in sale. Separate electric and gas meters for each unit. Mechanicals are newer / updated (excluding boiler) as well as flooring, paint & kitchen and bath remodels completed within the past 6-7 years. Opportunity is limited to walk into this type of cash flow potential and/or a brick and mortar business location in the booming market of Lakewood Ohio.

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Listing Snapshot
Price 
$325,000
Days Online 
13 Days
Bedrooms 
6
Inside Area (SqFt) 
3,388 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.1113 Acres
Year Built 
1914
MLS® Number 
5073543
Status 
Active
Property Tax 
$4,018
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen online
3 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.1113
Direction Faces 
Northeast
Number Of Stories 
2
Parking 
On SiteOff StreetPavedParking PadSide By Side
Property Condition 
Updated/Remodeled
Property Sub Type 
Duplex
Security 
Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
3388
SqFt Total 
3388
Stories 
Two
Water Source 
Public
Interior Features
Appliances 
DryerDishwasherMicrowaveRangeRefrigeratorWasher
Basement 
FullUnfinished
Cooling 
Central AirWindow Unit(s)
Heating 
Natural GasForced AirHot WaterSteam
Interior 
Eat-in Kitchen
Laundry Features 
In Basement
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Exterior Features
Construction Details 
Frame
Exterior 
BalconyPrivate Yard
Fencing 
FencedChain LinkFullWood
Lot Features 
Corner Lot
Roof 
AsphaltShingle
Community Features
Community Features 
SuburbanSidewalks
Financing Terms Available 
CashPrivate Financing Available
School District 
Lakewood CSD (Cuyahoga)- 1817
Township 
Lakewood
Schools
School District
Lakewood CSD (Cuyahoga)- 1817
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Rose Salopek of CENTURY 21 DePiero & Associates, Inc.



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2024 - Multiple Listing Service, Inc. – All Rights Reserved.

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