This listing was posted on ListedBuy.
$264,900
2851 OAKWOOD AVE, Lorain, OH 44055 For Sale MLS# 4453215
Price:
$264,900
BR/BA:
2 BR
Location:
2851 OAKWOOD AVE, Lorain, OH
Description:
Massive value-add / heavy cash flow opportunity with this 6 unit apartment building in Lorain! This is an awesome deal for an investor looking for huge cash-flow potential and upside. The property is currently fully occupied with long term tenants and SIGNIFICANT room on the sales as is. A savvy investor can also easily market to section 8 tenants with the extremely competitive LMHA (Lorain County Metropolitan Housing Authority) fair market sales in the area. Currently bringing in $2,800 per month as is, there is potential to take this property to $4,200+ per month based on market sale potentials. Annually, this deal should easily gross over $50,000 per year when at proforma. The property has (3) two bedroom units, (2) one bedroom units and (1) efficiency. Tenants are responsible for electricity (including electric baseboard heat), and the owner is responsible for gas for the hot water tanks, water, sewer and trash. 5/6 tenants are month to month. Water/Sewer/Trash total is ~$375/month, insurance is $170/month and gas for hot water tanks is ~$150/month. Please find sale roll in supplements! Still available at ListedBuy!
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More About this Listing: 2851 OAKWOOD AVE, Lorain, OH 44055 For Sale MLS# 4453215
2851 OAKWOOD AVE, Lorain, OH 44055 For Sale MLS# 4453215 is a Two Bedroom Multi-Family Real Estate for Sale at 2851 Oakwood Ave in Lorain OH. Find other listings like 2851 OAKWOOD AVE, Lorain, OH 44055 For Sale MLS# 4453215 and listings near 2851 Oakwood Ave by searching Oodle Classifieds for Two Bedroom Multi-Family Real Estate for Sale in Lorain OH.
2851 OAKWOOD AVE, Lorain, OH 44055 For Sale MLS# 4453215 is a Two Bedroom Multi-Family Real Estate for Sale at 2851 Oakwood Ave in Lorain OH. Find other listings like 2851 OAKWOOD AVE, Lorain, OH 44055 For Sale MLS# 4453215 and listings near 2851 Oakwood Ave by searching Oodle Classifieds for Two Bedroom Multi-Family Real Estate for Sale in Lorain OH.