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2851 Oakwood Avenue

Lorain, OH 44055
  • $275,000
  • STATUS: Active
  • ON SITE: 83 Days
  • MLS #: 5030174
UPDATED: 29 min ago
$275,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

School District:
Listing courtesy of Russell Real Estate Services.
Listing information © 2024 YES-MLS.

Description

Massive Lorain cash flow opportunity! 6 units offered at an extremely competitive price makes this a serious opportunity for any investor looking for cashflow! Rent roll available upon request. Property will be mostly vacant at closing, allowing a new owner to renovate and place tenants at top dollar market rents, or fetch premium rents through Lorain's section 8 program. Section 8 rents in the area are BOOMING and a new owner can easily get this property grossing $4,800+ per month! Tenants have baseboard heat and are responsible for their electricity cost, while the owner pays for water, sewer and gas for the hot water tanks. The property has had most windows replaced with vinyl, and some new mechanicals installed in the last year. The property is located right near E 28th street with all the businesses and easy access to the city, and tons of street parking!

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Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-12T00:09:13.753.
www.kennenrealtors.com/homes/149488905
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2851 Oakwood Avenue Lorain, OH 44055

  • Price: $275,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 29 min ago
  • MLS #: 5030174
0
Beds
0
Baths
0
½ Baths
0.11
Acres
Neighborhood:
Sheffield Land Co
County:
Lorain
Area:
Lorain
School District:
Lorain CSD
Property Description
Massive Lorain cash flow opportunity! 6 units offered at an extremely competitive price makes this a serious opportunity for any investor looking for cashflow! Rent roll available upon request. Property will be mostly vacant at closing, allowing a new owner to renovate and place tenants at top dollar market rents, or fetch premium rents through Lorain's section 8 program. Section 8 rents in the area are BOOMING and a new owner can easily get this property grossing $4,800+ per month! Tenants have baseboard heat and are responsible for their electricity cost, while the owner pays for water, sewer and gas for the hot water tanks. The property has had most windows replaced with vinyl, and some new mechanicals installed in the last year. The property is located right near E 28th street with all the businesses and easy access to the city, and tons of street parking!
Exterior Features

Attached Garage YN No Parking Features Driveway Paved Roof Asphalt Fiberglass Flat

Interior Features

Basement Unfinished Basement YN Yes Cooling None Cooling YN No Heating Baseboard Heating YN Yes Main Level Bathrooms 0

Property Features

Current Use Residential Elementary School District Lorain CSD - 4709 Listing Terms Cash Conventional Item1031 Exchange Middle Or Junior School District Lorain CSD - 4709 Property Sub Type Apartment Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 2668 Township Lorain Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Russell Real Estate Services: 440-526-9400.
Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-12T00:09:13.753.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Russell Real Estate Services.
Listing information © 2024 YES-MLS.