Lakeland Tower stands as an impressive high-rise multifamily property in the heart of Euclid. With 126 units across seven stories, this property offers immediate scale and value in a dynamic rental market.
Built for Scale: 126 units under one roof with significant operational efficiencies.
Prime Location: Near local transit, retail, and dining options with easy access to downtown Cleveland.
Opportunity for Growth: Strong potential for rent increases with capital improvements.
Attractive Price: $38,000 per unit – well below market value.
Income Potential: Ideal for value-add investors seeking strong cash flow and appreciation.
Market Momentum: Situated in a growing rental market with high demand for affordable housing.
Proximity: Adjacent to 25450 & 25454 Euclid Avenue, creating synergy for buyers looking to expand their local holdings.
Accessibility: Convenient access to I-90, Cleveland Clinic, University Circle, and downtown Cleveland.
Population Growth: A vibrant community with increasing demand for multifamily housing.