About This Home
This 8-bedroom, 4-bathroom multi-family at 1497 Coutant Avenue in Lakewood, OH is listed for $600,000 ($150 per sqft). Built in 1916, the home offers 4,000 sqft of living space on a 0.27 acres lot.
Key Features
- Built in 1916
- 0.27 acre lot
- 2 stories
Property Details
Attention investors! Don't miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 2 bedroom, 1 bathroom apartments and is currently generating $5,025 per month in rental income, providing immediate cash flow from day one.
Whether you're looking to expand your rental portfolio or purchase a stable, income producing asset in one of Northeast Ohio's strongest rental markets, this property checks all the boxes. With all units occupied, you'll benefit from consistent rental income while enjoying the long-term appreciation potential that Lakewood continues to offer.
Includes a second building with a four car garage and an expansive unfinished space above, potential for another 2 or 3 bedroom unit! Conveniently located near shopping, restaurants, parks, and major highways, this turnkey quadruplex is an excellent addition to any investor's portfolio. *Must be sold with 11713 Nelson Ct, as these two parcels have been combined* Opportunities like this in Lakewood don't come around often, submit your offer today!
Monthly Cost Estimate
$3,209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1497 Coutant Avenue
Lakewood, OH 44107
Hiram M & C B Townsends Allot
Property Details
Construction
Parking
Heating
Questions & Answers
This 8-bedroom, 4-bathroom multi-family at 1497 Coutant Avenue is listed at $600,000 ($150/sqft). The estimated monthly payment is $3,209 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1916, 0.27 acre lot, 2 stories.
This property is listed by Armani Adames and can be reached at 2163708550.