Situated in the most sought-after sub-market of Lakewood, 17105 Madison is a well-maintained 12-suite property featuring a highly desirable unit mix (10 two-bedroom units), rare building features (gabled roof and covered garage), and a low operating cost structure (individually metered gas furnaces). The property is located within the Hilliard Triangle, directly across from the Rocky River Reservation, ensuring strong rental demand.
Property Highlights:
+Modern Unit Upgrades - Granite countertops and modern bathroom vanities(one unit remains unupdated as it has been occupied by a long-term legacy tenant)
+Low Operating Cost - tenants pay for both gas and electricity
+Covered Garage - each unit enjoys its own garage space, with individual storage space on-premise
+On-site laundry - great value-add, as well as additional source of income
+High-Demand Rental - demand-over-supply interests for rental opportunities especially March through October
+High Walk Score - exceptional accessibility to local dining, boutique, and amenities
This offering presents an attractive entry point at a competitive cap rate, with significant potential for value enhancement by aligning legacy rents with current market rates, and monetizing the remaining parking spaces. This investment-grade property is 100% turn-key and ready for its next owner.