USAOHLorainSheffield Land Co.2851 Oakwood Ave
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2851 Oakwood Ave, Lorain, OH

Condo

For Sale

Listed price in listed location currency (USD).
$299,000

000

MLS® 5167228

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $2,488
Days Active 37
Approx. Age 1900
MLS® Number 5167228

Property Address: 2851 Oakwood Ave, Lorain, OH, 44055-1937

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number5167228
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 30, 2025List Date
$299,000List Price
  • Commute

Commute

Starting Address
Destination Address
2851 Oakwood Ave, Lorain, OH

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