Vision Sales Team

2851 Oakwood Avenue

Lorain , OH 44055

MLS#: 5167228

$289,000

Status: Active
Listing number: 5167228
Listing provided by: Key Realty
Listing agent phone: None
Last update: 3 days ago
On site: a month ago
Browse Properties
Sheffield Land Co - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

N/A

Occupied and cash flowing 6 unit apartment building! This fully occupied 6 unit property is ready for the buyer looking to take advantage of a cash flowing, stabilized asset. The 6 units are grossing $4,125 currently, well over the 1% rule. The unit mix consists of (1) studio unit, (3) one bedroom units, and (2) two bedroom units. Majority of the units have been moderately updated including vinyl plank flooring, new paint, appliances, etc. Walk into stable cashflow, or raise rents to proforma / section 8 standards and get this property grossing over $4,500 per month! The owner pays water/sewer as well as gas for the hot water tanks and landscaping. Tenants are responsible for their own electricity.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Commercial Sale

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $289,000

  • Tax Amount

    2488.25

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Lorain CSD - 4709

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Lorain

Elementary School

Lorain CSD - 4709

Middle School

High School

Listing Courtesy of Michael Orlando , Key Realty

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Agent TylierDawley

AGENT

TylierDawley

Call Tylier today to schedule a private showing.

(216) 526-4596

Tylier@VisionSalesTeam.com


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Occupied and cash flowing 6 unit apartment building! This fully occupied 6 unit property is ready for the buyer looking to take advantage of a cash flowing, stabilized asset. The 6 units are grossing $4,125 currently, well over the 1% rule. The unit mix consists of (1) studio unit, (3) one bedroom units, and (2) two bedroom units. Majority of the units have been moderately updated including vinyl plank flooring, new paint, appliances, etc. Walk into stable cashflow, or raise rents to proforma / section 8 standards and get this property grossing over $4,500 per month! The owner pays water/sewer as well as gas for the hot water tanks and landscaping. Tenants are responsible for their own electricity.

2851 Oakwood Avenue

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