120 Fox Hill Ln | Elyria, OH 44035
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- LoopNet Team
120 Fox Hill Ln
Elyria, OH 44035
Heritage Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Modern Upgrades: All units have been recently renovated, featuring modern finishes and updates that increase tenant appeal and justify higher rents.
- Rent Growth: Opportunities for rent increases exist, allowing for future revenue growth and improved returns.
- Efficient Management: Designed for minimal maintenance, enhancing operational efficiency and reducing long-term costs.
- Fully Occupied: The property is fully occupied, ensuring immediate and consistent rental income.
- Ready for Investment: The property operates smoothly as a turnkey investment, with no immediate need for repairs or upgrades
- Booming Rental Market: Elyria’s rental market is experiencing significant growth, supporting strong demand and potential for future value appreciation
PROPERTY FACTS
| No. Units | 24 | Building Size | 19,128 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1977 |
| Building Class | C | Parking Ratio | 3.08/1,000 SF |
| Lot Size | 1.49 AC |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.49 AC |
| Building Size | 19,128 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1977 |
| Parking Ratio | 3.08/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 500 |
| 2+1 | 12 | - | 650 |
PROPERTY TAXES
| Parcel Number | 06-24-030-000-084 | Improvements Assessment | $414,911 |
| Land Assessment | $84,049 | Total Assessment | $498,960 |
PROPERTY TAXES
Parcel Number
06-24-030-000-084
Land Assessment
$84,049
Improvements Assessment
$414,911
Total Assessment
$498,960
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