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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.

Features
: Baseboard
Address Map
OH
Lorain
Lorain
44055
Oakwood
2851
Avenue
W83° 52' 35''
N41° 26' 42''
Property Details
Active
Key Realty
Michael Orlando
2021000887
9548
03-00-094-104-001
$2,488
30/10/2025 16:37:31
No
No
No
No

2851 Oakwood Avenue, Lorain, Ohio 44055

Commercial Sale For Sale

0.14 Sqft
$309,000
Listing ID #5167228
Basic Details
Property Type : Commercial Sale
Property Sub Type : Apartment
Listing Type : For Sale
Listing ID : 5167228
Price : $309,000
Year Built : 1900
Lot Area : 0.14 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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