Collect $7,625/month OR MORE on this
12 units Apartment Complex
In Lorain, OH
*****Great Investment Property*****
• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?
Now you can own 12 income-producing units through one property purchase!
PRICED TO MOVE QUICKLY: $375,000
This multifamily property offers multiple money-generating strategies:
All 12 units has great full view of the Lake, Great Investment Opportunity!
85% Occupancy
Cap Rate on Actuals: 11%
Roof and Windows are installed few years ago
Value play: Add coin laundry machines for additional income. Separate laundry room available
28 min drive to Cleveland Hopkins International Airport
26 min drive to Cleveland State University
$45,335 Actual NOI
Value play: Rent Increase!
Major Employers: Mercy Health, Republic Steel, Camaco Inc, Lorain Tubular, Emerson Network Power and many more..
Individually metered – residents pay for electricity
No Seller Financing
Purchase Price $375,000
For IMMEDIATE DELIVERY of the Property Package:
Option 1: Text your name & email to 440-214-7803 and a packet will be emailed within 10 minutes
Option 2: Dial the voice box at 440-214-7803 and speak ONLY your name & email – a packet will be emailed within 10 minutes
Property Details
- Price:
- $375,000
- Address:
- 4004 W Erie Ave
- City:
- Lorain
- State:
- OH
- Zip Code:
- 44053
- Terms:
- For Sale
- Property Type:
- Apartment
Additional Features
Collect $7,625/month OR MORE on this 12 units Apartment Complex In Lorain, OH *****Great Investment Property***** • Are you looking for real passive income? • Are you looking to multiply your returns in real estate? • Tired of competing over single family units? Now you can own 12 income-producing units through one property purchase! PRICED TO MOVE QUICKLY: $375,000 This multifamily property offers multiple money-generating strategies: All 12 units has great full view of the Lake, Great Investment Opportunity! 85% Occupancy Cap Rate on Actuals: 11% Roof and Windows are installed few years ago Value play: Add coin laundry machines for additional income. Separate laundry room available 28 min drive to Cleveland Hopkins International Airport 26 min drive to Cleveland State University $45,335 Actual NOI Value play: Rent Increase! Major Employers: Mercy Health, Republic Steel, Camaco Inc, Lorain Tubular, Emerson Network Power and many more.. Individually metered – residents pay for electricity No Seller Financing Purchase Price $375,000 For IMMEDIATE DELIVERY of the Property Package: Option 1: Text your name & email to 440-214-7803 and a packet will be emailed within 10 minutes Option 2: Dial the voice box at 440-214-7803 and speak ONLY your name & email – a packet will be emailed within 10 minutes
