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5,500,000.00Price
ETZ
2.9429(Acres)
35832Sqft
Premier Investment Opportunity - 3 Luxury Lakewood Apartment BuildingsFor $5,500,000, this 36-unit multifamily investment is an exceptional opportunity in the highly sought-after Lakewood community. The portfolio consists of three buildings, each housing 12 well-designed units built for modern living and long-term value appreciation. With the potential for condominium conversion and individual sales, this property is positioned for strong returns.The property features in-unit laundry, central heating & air, and two-stall garages for tenant comfort and convenience. Within the 36 units, you will find 12 two-bedroom, one-bath units and 24 two-bedroom, two-bath units, catering to diverse tenant needs. Recent property-wide improvements, including new roofs and interior renovations, make this a low-maintenance, high-yield investment.This turnkey asset delivers strong rental income in a high-demand market, ensuring excellent cash flow and consistent occupancy. The seller is offering a contract for deed option, making this a unique chance to acquire a high-performing property with favorable financing terms.Take advantage of this outstanding investment opportunity in a thriving area. Contact us today for financials, rent rolls, and a private tour!

Property Details

4018350
2002
Other
Aluminum Siding
ETZ
C
65-1804230
46,520.00
Asphalt,Fiberglass,Shingle
Carpet,Laminate,Linoleum,Vinyl
35832
2.9429
Additional Parking,Concrete,Detached,Driveway,Garage Door Opener,Lighted
72.00

Other Details

Public
Boiler,Forced Air,Natural Gas
None
Nathan A Engh, Realty One Group - Encore
Balcony,Lighting,Rain Gutters
Landscaped,Lot - Owned,Rectangular Lot,Sprinklers In Front,Sprinklers In Rear
SUBDIV:LAKEWOOD 1ST BLK:1 W 247' LOT 1 & E 115' LOT 2 (9604A)

Directions

From Memorial Hwy, Turn South on 40th Ave SE, Turn East on McKenzie Drive SE, Property is located on the left hand side
 

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