29655 Detroit Rd
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29655 Detroit Rd
15 Unit Block of Flats £1,958,250 (£130,550/Unit) Westlake, OH 44145
Executive Summary
Prime Westlake Location Apartment Building
Investment Opportunity:
This well-maintained, 15-unit apartment building offers an excellent investment opportunity in the heart of Westlake, Ohio. Strategically located near Crocker Park, I-90, and a major RTA line, this property provides convenient access to shopping, dining, and transportation. Assumable loan at 4.1%. Upgrades from owner since 2022 include windows, parking lot, security system, plumbing/electrical/ and much more. Reach out for financials and rent rolls.
Key Features:
High Occupancy: 100% occupied with a mix of one, two, and three-bedroom units.
Ample Parking: Over 20 parking spaces ensure plenty of room for residents.
Recent Updates: All units have been modernized within the last six years, ensuring a desirable living environment.
Income Potential: The common apartment laundry facility offers an additional source of income.
Prime Location: Proximity to Crocker Park, I-90, and RTA provides excellent accessibility and desirability.
Don't miss out on this exceptional investment opportunity
Investment Opportunity:
This well-maintained, 15-unit apartment building offers an excellent investment opportunity in the heart of Westlake, Ohio. Strategically located near Crocker Park, I-90, and a major RTA line, this property provides convenient access to shopping, dining, and transportation. Assumable loan at 4.1%. Upgrades from owner since 2022 include windows, parking lot, security system, plumbing/electrical/ and much more. Reach out for financials and rent rolls.
Key Features:
High Occupancy: 100% occupied with a mix of one, two, and three-bedroom units.
Ample Parking: Over 20 parking spaces ensure plenty of room for residents.
Recent Updates: All units have been modernized within the last six years, ensuring a desirable living environment.
Income Potential: The common apartment laundry facility offers an additional source of income.
Prime Location: Proximity to Crocker Park, I-90, and RTA provides excellent accessibility and desirability.
Don't miss out on this exceptional investment opportunity
Property Facts
| Price | £1,958,250 | Building Class | C |
| Price Per Unit | £130,550 | Lot Size | 0.61 AC |
| Sale Type | Investment | Building Size | 15,876 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2018 |
| Apartment Style | Low Rise | Parking Ratio | 2.14/1,000 SF |
| Price | £1,958,250 |
| Price Per Unit | £130,550 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 15,876 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built/Renovated | 1963/2018 |
| Parking Ratio | 2.14/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 8 | - | - |
| 3+1 | 4 | - | - |
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PROPERTY TAXES
| Parcel Number | 211-27-005 | Improvements Assessment | £204,136 |
| Land Assessment | £68,648 | Total Assessment | £272,784 |
PROPERTY TAXES
Parcel Number
211-27-005
Land Assessment
£68,648
Improvements Assessment
£204,136
Total Assessment
£272,784
zoning
| Zoning Code | R-MF24 |
| R-MF24 |
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29655 Detroit Rd
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