Lake Home Off Market

Calling all Investors!! Check out this rare 4 unit all-brick apartment building in EXCELLENT condition!! Minutes away from Spitzer Riverside Marina and I90 highway. Turnkey and fully rented bringing in over 8% cap rate! Each of the 4 units is approximately 850 sq ft., has 2 separate entrances and a designated finished 1/4 of the basement with individual laundry hook-ups! Each unit has 1 bedroom, a living room with a fireplace, a dining room, a full size kitchen and can easily be converted into a 2 bedroom unit! There is also a detached 4-car garage that you can rent out as storage units for even more income! Tenants pay all utilities. Landlord only pays property tax and landscaper $70 per month for lawn care. Great cash flow, don't miss out on this rare opportunity!! Priced to Sell!!

Property Details

  • Beds: 4
  • Baths: 4.0
  • Sq Feet: 6000
  • Year Built: 1910
  • Location: Lake Erie - Lorain County
  • Acres: 0.160
  • Lakeview: Yes
  • ViewTypes: Lake
  • County: Lorain County
  • Community: Fairhome Allotment/C A Sturtev
  • Heat/AC: Fireplace,Forced Air
  • Siding: Brick
  • Roof: Asphalt
  • Stories: 2.0
  • Fireplaces: Has Fireplace
  • MLS #: 4385812

Location

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Contact Information:

Ad Statistics:

Lake Home Off Market in Lorain, Ohio
Ad Number : 2886745
Viewed: 1037 times
Added: Jun 29, 2022
Updated on: Jun 15, 2023
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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