USAOHLakewoodRockport Sec #2112050 Lake Ave
12050 Lake Ave, Condo with 0 bedrooms, 0 bathrooms and null parking in Lakewood OH | Image 1
Link Copied
$5,999,900

12050 Lake Ave, Lakewood, OH

Condo

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size  sqft
Garage No
Maintenance Fees 
Taxes $102,025
Days Active 1
Approx. Age 1963
MLS® Number 5137690

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional Investment Opportunity – Michael Tower | 12050 Lake Avenue, Lakewood Michael Tower presents a rare chance to acquire a stabilized, income-generating 48-unit apartment building in the heart of Lakewood, one of Northeast Ohio’s most desirable rental markets. This six-story building offers a balanced mix of studio, one-bedroom, and two-bedroom apartments, catering to a wide range of tenant needs. Ideally located near Edgewater Park, the Gold Coast, and Clifton Boulevard, Michael Tower benefits from high rental demand, strong tenant retention, and walkable access to local shopping, dining, and public transportation. The building features 24 hour secure entry, elevator access, on-site laundry, and ample parking, with many units offering private balconies and functional layouts filled with natural light. The property recently underwent over $500, 000 in renovations, including a new roof installed within the last two years. With consistent occupancy and well-maintained infrastructure, this asset is primed for steady cash flow. Whether you're expanding an existing portfolio or entering the commercial space, Michael Tower combines location, scale, and potential—all in one turnkey property. Don’t miss this opportunity to own a solid commercial asset in a thriving Cleveland-area neighborhood.Show Description
MLS® Number5137690
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1963
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHot Water, Steam
A/C
Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing