Listed By
Agency Name: Key Realty
Agency Contact: mjorlando1994@gmail.com, 216-956-1884
Shown By
Agent Name: Conor Hix
Agent Phone: (614) 674-1255
Agency Title: Cutler Real Estate
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Property Description
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.
Property Features
Property Type: Commercial - Business
Days on Market: 111
Heating: Baseboard
Lot Size: 0.14 Acres
Taxes: $2,488 / year
Year Built: 1900
Feature Descriptions
Parcel#: 03-00-094-104-001
Local Schools
School District: Lorain City
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2851 Oakwood Avenue | MLS# 5167228
This commercial property located at 2851 Oakwood Avenue, Lorain, OH 44055 is currently listed for sale with an asking price of $269,900. Oakwood Avenue is located within the Lorain City school district. Search Lorain real estate on chix.cutlerhomes.com today.