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1497 Coutant Avenue , Lakewood, OH 44107

$600,000
  • 1497 Coutant Avenue , Lakewood, OH 44107 Main Photo

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New to the Market Active
BEDS8 BATHS4 full SQUARE FEET4,000 MLS#5227228
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHiram M & C B Townsends Allot SCHOOLLakewood City

Property Description

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!

1497 Coutant Avenue | MLS# 5227228

This multi-family property located at 1497 Coutant Avenue , Lakewood, OH 44107 is currently listed for sale with an asking price of $600,000. Coutant Avenue is located within the Lakewood City school district. Search Lakewood real estate on www.progressiveurban.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: None
Garage: 4
Heating: Forced Air
Lot Size: 0.27 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $9,937 / year
Year Built: 1916

Feature Descriptions

Exterior: Brick
Parcel#: 315-14-040
Parking: Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lakewood City

Listed By / Shown By

Listed By

Agency Name: RE/MAX Above & Beyond
Agency Contact: adamesarmani.aa@gmail.com, 216-370-8550

Shown By

Agency Title: Progressive Urban Real Estate
Agency Phone: (216) 619-9696

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Estimated Payment

$ 2,338.42 per month $1,335.34 Principal & Interest $828.08 Property Tax $175.00 Homeowner's Insurance

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