Collect $23,865/month OR MORE on this 46 units Apartment Complex In Lorain, OH
• 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 46 income-producing units through one property purchase!
PRICED TO MOVE QUICKLY: $899,900
This multifamily property offers multiple money-generating strategies:
Great Investment Opportunity! Great Location: Lorain is one of the top hottest Real Estate markets in OH, has 65.000 population, largest in Lorain County by population.
Value play: Add coin laundry machines for additional income (dedicated 2 rooms available with washer and dryer hookup), Rent Increase!
Cap Rate on Actuals: 14%
Roof on both buildings are redone few years ago.
24 new A/C units installed, replaced 46 thermostats, Security cameras installed.
Some are new dual pane windows, water heaters and Boilers are new
29 min drive to Cleveland Hopkins International Airport
35 min drive to Cleveland State University
20 min drive to Ohio Business College
Major Employers: Mercy Health, Republic Steel, Camaco Inc, Lorain Tubular, Emerson Netwok Power, Walmart.
No Seller Financing
Perfect for 1031 Exchange
Purchase Price $899,900