1394 Webb Rd, Lakewood, OH 44107
Lakewood IV Portfolio
Lakewood, OH
Offering Summary
- City, State, Zip Lakewood, OH, 44107
- Properties: 4
- Units: 111
- Years Built: 1917 - 1925
- Average Unit Size: +/- 748
- Average In-Place Rent: $963
- Average In-Place Rent/SF: $1.29/SF
- Occupancy: 99.1%
Investment Highlights
• Owned and managed by local family for the last 50+ years
• Attractive going-in basis providing flexibility of business plan to renovate or organically increase rents
• Upside through organic rent growth of $100+ and upside through cosmetic updates of $250+ on average
• Strong historical occupancy averaging in the high 90s percent
• Highly desirable suburban location of Lakewood; ranked #25 out of 6,805 suburbs nationwide for Young Professionals and is the densest city between NYC and Chicago
• Within 10 minutes of Ohio City, Tremont, and Downtown Cleveland
• All four properties located within 2 miles of each other with restaurants, nightlife, shopping, and major employers in between
Team
Michael Barron
Daniel Burkons
Joshua Wintermute
Charles Gagliano
William Koontz
Luke Hadley
Mitchell Coon
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