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129-133 David Dr
Elyria, OH 44035
Pinegrove Apartments · Multifamily Property For Sale
·
60 Units
PROPERTY FACTS
| No. Units | 60 | Building Size | 50,136 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1978 |
| Building Class | C | Parking Ratio | 2.39/1,000 SF |
| Lot Size | 3.29 AC | ||
| Zoning | Commercial | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.29 AC |
| Building Size | 50,136 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.39/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Walk-Up
- Smoke Detector
ABOUT 129-133 DAVID DR , ELYRIA, OH 44035
BEAUTIFUL APARTMENT, PURCHASED IN JANUARY 2016 - INCOME INCREASED BY 57K BY YEAR END. OWNER HAS INVESTED MANY CAPITAL IMPROVEMENTS INCLUDING NEW LAUNDRY MACHINES, REMODELED LAUNDRY ROOMS, SOME WINDOWS APPROXIMATELY 30k SPENT TO DATE, OVER 75% REMODELED UNITS WITH NEW CARPETING, APPLIANCES, HARDWOOD FLOORS, TILING, NEW PLUMBING, HOT WATER TANKS, 25K OF NEW A/C UNITS, NEW ENTRANCE DOORS, REBUILT BALCONIES, GFI'S IN ALL KITCHENS AND BATHS AND ONE NEW CONCRETE PARKING LOT AND ONE ASHPHALT. CURRENT RENTS ARE 550 FOR ONE BDRM AND 650 FOR TWO BEDROOMS BUT LORAIN COUNTY PUBLISHED FAIR MARKET RENT IS 634.00 FOR ONE BDRM AND 785.00 FOR TWO - LOTS OF ROOM TO INCREASE NOI. BUILDING ALL ELECTRIC AND TENANTS PAY THE ELECTRIC. CALL MARY PALUMBO TODAY THIS WILL GO FAST
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $537.50 | 650 |
| 2+1 | 48 | $650.00 | 840 |
PROPERTY TAXES
| Parcel Number | 06-24-029-101-104 | Improvements Assessment | $792,330 |
| Land Assessment | $149,695 | Total Assessment | $942,025 |
PROPERTY TAXES
