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About This Home
This 0-bedroom, 0-bathroom single family at 1888 E 28th Street in Lorain, OH is listed for $474,900. Built in 1925, on a 0.29 acres lot.
Excellent investment opportunity in Lorain, Ohio-a fully occupied 10-unit apartment building in a high-demand rental market with low property taxes. Each unit is a one-bedroom, one-bath, with many updates already completed, making this a low-maintenance, easy-to-manage asset.
There's additional upside with a currently unused storage area that could generate $50-$100 per month, and a small coin operated laundry room for extra income. The owner currently covers water, sewer, and gas due to the on-site boiler system. With rents significantly below market, there's immediate potential to increase revenue by $200-$300 per unit on renewals with minimal to no upgrades required.
Key Features
- Built in 1925
- 0.29 acre lot
Property Details
Monthly Cost Estimate
$2,540/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1888 E 28th Street
Lorain, OH 44055
Sheffield Land & Improv C
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 1888 E 28th Street is listed at $474,900. The estimated monthly payment is $2,058 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.29 acre lot.
This property is listed by Tal Tamir and can be reached at 2168708687 or tal@premierclevelandinvesting.com.
