Listing Details

Property Description

Rare Lakewood duplex opportunity in the established Lakewood Gardens neighborhood! This 1959 ranch-style, two-unit property offers approximately 3, 100 square feet of total building area on a generous Quarter-Acre lot. This property is an excellent opportunity for an owner to occupy one side and rent out the other for cash-flow, multigenerational living arrangement, or investor seeking a property with two-unit functionality at a about a 9.5 CAP Rate.
The property features a total of 6 bedrooms and 3 bathrooms, masonry / brick construction, one-story ranch architecture, hot-water heating, and a partially finished basement areas. Basement beds are non-conforming. Both units have approximately a 220 square feet of carport / covered parking. The expansive lot provides valuable outdoor space and flexibility uncommon for many properties in the area. This property backs and sides to O'Kane Park! Only one neighbor to the North.
Conveniently located in central Lakewood with easy access to major roadways, neighborhood amenities, parks, shopping, dining, and transit. The property is situated within the Lakewood Gardens subdivision.
Bring your front side 1031 exchange property. Don't wait too long to see this investment opportunity. Call us for a private showing today. Thank you.