Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1972
Sq.Footage
N/A
Fantastic stabilized property consisting of 2 brick buildings with 46/48 units FULLY renovated - the building is in great shape & easy to manage, getting you cash flow from day 1! A huge plus is the beautiful lake views and private access that come with living in this property - this offers tenants a quaint feeling of lakeside living without the huge expense and a unique experience that's hard to find elsewhere! Over the past few years there has been a massive value-add renovation at the property including 46 FULL unit updates (granite, LVT, stainless steel appliances, shaker cabinets, etc), two full roof replacements (2021) new asphalt parking lot (2018) and new concrete walkways (2021), common area updates, brand new windows & sliders throughout (2018) and a massive tenant overhaul that was performed between 2018 & 2019 to get to where they are today at 91.7% occupied & stabilized! The current rents are averaging about $650 for one beds and $750 for two beds with the potential to bum
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
Exterior
-
Garage
No
-
Parking
Outside, Paved
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.77
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$3,800,000
-
Tax Amount
19154.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Sheffield-Sheffield - 4713
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
Lorain
Elementary School
Sheffield-Sheffield - 4713
Middle School
High School
Listing Courtesy of Tal Tamir , Russell Real Estate Services
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