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Listed by Tal Tamir of Russell Real Estate Services (tal@premierclevelandinvesting.com 216-870-8687)
Massive Lorain cash flow opportunity! 6 units offered at an extremely competitive price makes this a serious opportunity for any investor looking for cashflow! Rent roll available upon request. Property will be mostly vacant at closing, allowing a new owner to renovate and place tenants at top dollar market rents, or fetch premium rents through Lorain's section 8 program. Section 8 rents in the area are BOOMING and a new owner can easily get this property grossing $4,800+ per month! Tenants have baseboard heat and are responsible for their electricity cost, while the owner pays for water, sewer and gas for the hot water tanks. The property has had most windows replaced with vinyl, and some new mechanicals installed in the last year. The property is located right near E 28th street with all the businesses and easy access to the city, and tons of street parking!

Property Details of 2851 Oakwood Avenue

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Based on information submitted to MLS Now as of June 20, 2024 11:35 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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