Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 0-bedroom, 0-bathroom multi-family at 2851 Oakwood Avenue in Lorain, OH is listed for $265,000. Built in 1900, on a 0.14 acres lot.
Occupied and cash flowing 6 unit apartment building! This fully occupied 6 unit property is ready for the buyer looking to take advantage of a cash flowing, stabilized asset. The 6 units are grossing $4,125 currently, well over the 1% rule. The unit mix consists of (1) studio unit, (3) one bedroom units, and (2) two bedroom units.
Majority of the units have been moderately updated including vinyl plank flooring, new paint, appliances, etc. Walk into stable cashflow, or raise rents to proforma / section 8 standards and get this property grossing over $4,500 per month! The owner pays water/sewer as well as gas for the hot water tanks and landscaping. Tenants are responsible for their own electricity.
Key Features
- Built in 1900
- 0.14 acre lot
Property Details
Monthly Cost Estimate
$1,417/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2851 Oakwood Avenue
Lorain, OH 44055
Sheffield Land Co
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 2851 Oakwood Avenue is listed at $265,000. The estimated monthly payment is $1,148 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.14 acre lot.
This property is listed by Michael Orlando and can be reached at 2169561884 or mjorlando1994@gmail.com.
