$5,999,900

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.