McKinley — Sale in Lakewood, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Lakewood, OH 44107

Photos

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Investment Figures

Cap rate
8.14%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present McKinley Manor, 11 units offered in conjunction with The Atkins and Lakeland Apartments – a three property portfolio in Lakewood, Ohio. Investment Highlights: • Being Offered in Conjunction with The Atkins and Lakeland Apartments – a Three Property Portfolio Consisting of Highly Renovated, Cash-Flowing Apartment Communities Located Within Half of a Mile • Over $300,000 ($27k/unit) Invested into the Property Over the Last Three Years • Strong Historical Occupancy Averaging in the High 90s to 100 Percent • Walking Distance to Dozens of Bars, Restaurants, and Nightlife • One Mile from the Cleveland Metropark's Rocky River Reservation • 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 • Less than Two Miles from Downtown Rocky River Featuring Whole Food's, Heinen's, First Watch, Rocky River Wine Bar, and a Plethora of Quaint Shoppes • Within 15 Minutes of Ohio City, Tremont, and Downtown Cleveland

Market Context

This multifamily in Lakewood, OH is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Lakewood, OH — view the full market.

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