1580 Mars AveLakewood, OH 44107

For Sale
$2,500,000

18-Unit Portfolio, High Cash Flow, Excellent Condition

Overview

Added:
Feb 3
Days on market:
37
This exceptional investment opportunity presents a portfolio of 18 rental units, comprising 10 single-family homes and 4 double-family homes, totaling 18 doors. No efficiencies or one-bedroom units are included. Strategically located in desirable neighborhoods including Lakewood (44107), Parma (44129, 44134), Parma Heights (44130), and Cleveland's Old Brooklyn neighborhood (44109), these properties offer safety and strong appreciation potential. The portfolio boasts excellent locations, ensuring tenant demand and consistent cash flow. Currently, rents are below market value, presenting an immediate opportunity to increase profitability. The properties are in above-average condition, as evidenced by available photos. Specific addresses include: 1578-1580 Mars Ave (Lakewood), 3111 Maplecrest Ave (Parma), 7923 Lanyard Ave (Parma), 7612 Deerfield Dr (Parma), 4804-4806 Pershing Ave (Parma), 6403 Theota Ave (Parma), 5514 Haverhill Ave (Parma), 5254 W 83rd St (Parma), 6876 Beresford Ave (Parma Heights), 5802 Northcliff Ave (Cleveland), 5013 Vandalia Ave (Cleveland), 3911 Archmere Ave (Cleveland), and 4006 Archmere Ave (Cleveland). The property features professional management in place, simplifying operations. A detailed rent roll, proforma, additional photos, and property specifics are available upon request for qualified buyers. The asking price is $2,500,000. The property sits on a 1.98-acre lot.

Property Details for 1580 Mars Ave

Property type
Residential income properties, Multifamily properties
Year Built
1915
Lot Size (sq. ft)
86,249 SF

Location Insight

City
Lakewood
County
Cuyahoga
State
Ohio
Latitude
41.48
Longitude
-81.80409
1580 Mars Ave, Lakewood, Ohio

FAQs

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1580 Mars Ave
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