1900 E 28th Street , Lorain, OH 44055
Lorain, OH 44055
Description
Incredible investment opportunity! This fully renovated, fully occupied 14-unit brick apartment building offers a turnkey cash flow property with potential for even more income. Twelve units have been completely upgraded with new flooring, paint, and kitchen and bathroom improvements, while all common areas feature fresh vinyl flooring and paint. The property includes 12 studios, a one-bedroom unit, and a two-bedroom unit. With boiler heat, the owner covers gas, heating, water, and sewer, while tenants pay their own electric. The current owner, who self-manages, is open to continuing management for a seamless transition. Additional income opportunities include adding coin operated washers and dryers to the already existing laundry room, increasing rents, and renovating the remaining two units. This is a fantastic chance to step into a well-maintained, income-generating property with significant upside!
Details
| Mls | 5086296 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 24 |
| Listing Provided By | Russell Real Estate Services | Tal Tamir |
Features
| Basement | Y |
|---|---|
| Acreage | 0.14 |
Market Activity 44055
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Learn More About This Property
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44055 |
| Community Name | Sheffield Land Cos 01 |
| Listing VS Median (in Sheffield Land Cos 01) | |
Price: $523,000 low | high Med: $0 On Site: 24 low | high Med: | |