-
2851 OAKWOOD AVE LORAIN, OH 44055
- Vacant Land / Resale (MLS)
Property Details for 2851 OAKWOOD AVE, LORAIN, OH 44055
Features
- Lot Size: 6098
- Total Units: 6
- Heating: Baseboard Heating
Facts
- Property ID: 874584156
- MLS Number: 5030174
- Parcel Number: 03-00-094-104-001
- Property Type: Vacant Land
- County: LORAIN
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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!
Real Estate Professional In Your Area
Are you a Real Estate Agent?
Get Premium leads by becoming a UltraForeclosures.com preferred agent for listings in your area
Click here to view more details
Property Brokerage:
Russell Real Estate Services
33 Public Square
Brecksville
OH
44141
Copyright © 2024 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.