MULTI_FAMILY - Lakewood, OH
Prepare to be moved! Welcome to 1576 Wyandotte Ave, Lakewood, OH 44107 - a charming and well-maintained triplex nestled on a quiet street in one of Lakewood's most desirable neighborhoods. This versatile property is currently being utilized as both a short-term and long-term rental, offering a unique opportunity for investors or potential owner-occupants. The first and second floors are actively used as Airbnb rentals, while the third floor is leased to a long-term tenant paying $1,050 per month, with the tenant responsible for all utilities except water and sewer. In 2024, the net operating income was $41,280.84. Furniture can be sold separately. The spacious first-floor unit boasts nearly 1,100 square feet of living space, featuring two comfortable bedrooms and one full bathroom. This level blends modern updates with classic Lakewood character, creating a warm and inviting space that g...
Prepare to be moved! Welcome to 1576 Wyandotte Ave, Lakewood, OH 44107 - a charming and well-maintained triplex nestled on a quiet street in one of Lakewood's most desirable neighborhoods. This versatile property is currently being utilized as both a short-term and long-term rental, offering a unique opportunity for investors or potential owner-occupants. The first and second floors are actively used as Airbnb rentals, while the third floor is leased to a long-term tenant paying $1,050 per month, with the tenant responsible for all utilities except water and sewer. In 2024, the net operating income was $41,280.84. Furniture can be sold separately. The spacious first-floor unit boasts nearly 1,100 square feet of living space, featuring two comfortable bedrooms and one full bathroom. This level blends modern updates with classic Lakewood character, creating a warm and inviting space that guests love. The second-floor unit, also full of charm, has proven to be a stable and reliable rental, and includes a recently installed furnace (early 2025) and central air conditioning added in June 2022. The cozy third-floor unit is approximately 400 square feet and features one bedroom and one full bath, making it an ideal option for short-term rental income. Each unit reflects a tasteful mix of updated amenities and the timeless appeal that defines Lakewood living. Outside, a small side yard offers a peaceful spot to relax, and a two-car detached garage adds convenience and additional value. The location is superb - just minutes from I-90, with easy access to local restaurants, grocery stores, parks, and only a short drive to beautiful Lake Erie. Whether you're looking for a smart investment or a home with built-in income potential, 1576 Wyandotte Ave is a rare find in a thriving rental market. Lakewood Living, Investor Winning - Triplex with Built-In Income! Please note - the listing agent has ownership in the property.
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