Listed By
Agency Name: Key Realty
Agency Contact: mjorlando1994@gmail.com, 216-956-1884
Shown By
Agent Name: Jerri Furniss
Agent Phone: Cell: (614) 937-4427
Agency Title: Cutler Real Estate
TOUR PROPERTY
Choose a date and time to see 2851 Oakwood Avenue, Lorain, OH 44055.
I will get in touch with you shortly.
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: 137
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
Print This Listingx
Select a format below, new window will open and will prompt you to print.
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 $265,000. Oakwood Avenue is located within the Lorain City school district. Search Lorain real estate on www.jerrifurniss.com today.