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MULTI-FAMILY REAL ESTATE INVESTMENTS

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Properties available by LEAN estates and partners.

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12-UNIT APARTMENT COMPLEX

12-UNIT APARTMENT COMPLEX

386,250.00

4004 W Erie Ave

Lorain, OH 44053

sold out
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SUMMARY

Collect $7,625/month OR MORE on this
12-Unit Apartment Complex
In Lorain, OH

Excellent Cash Flowing 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: $386.25K

Investment Opportunity

  • Purchase Price: $386,250

  • All units have full view of Lake Erie

  • 26 mins drive to Cleveland State University

  • 18 mins to Ohio Business College

  • Gable Roof and Windows are new

  • Occupancy: 85%

  • Cap Rate: 11% (Actuals)

  • NOI: $45,335

  • Value-Add:

    • Coin Laundry
    • Rent Increase
    • 2 units vacant will need minor rehab;
      • carpet, paint, and cabinets
 

 

Terms: For Sale by Wholesaler
Property Type: 12-Unit Commercial Property
Price: $386,250
Address: 4004 W Erie Ave
City: Lorain
State: OH
Zip Code: 44053

 

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This is an Off-Market Deal

For additional information and to request a LEAN Summary please submit below.

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