Description
Welcome to the Nina Apartments. This 20 unit building is located in Clevelands Edgewater neighborhood and offers investors an opportunity to purchase a primed VALUE ADD property. 18 of 20 units vacated with the last two in process so you can expediteg reno & stabilization at market rents. New roof done last year, windows are replacement vinyl, and several units need very little. Seller estimates complete restortation at $300K, which provides for a cash out refi scenario that would protentially produce over 12% return on cash! Entrance to Edgewater Park and Beach just a mile away with Lakewood five blocks top the west.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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15,435SQFT
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$66$/SQFT
School Ratings & Info
Listing information © 2023 YES-MLS.
Description
Welcome to the Nina Apartments. This 20 unit building is located in Clevelands Edgewater neighborhood and offers investors an opportunity to purchase a primed VALUE ADD property. 18 of 20 units vacated with the last two in process so you can expediteg reno & stabilization at market rents. New roof done last year, windows are replacement vinyl, and several units need very little. Seller estimates complete restortation at $300K, which provides for a cash out refi scenario that would protentially produce over 12% return on cash! Entrance to Edgewater Park and Beach just a mile away with Lakewood five blocks top the west.
Listing information © 2023 YES-MLS. All rights reserved.
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 Connections Realty | Keller Williams are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-02-05T20:08:08.593.