1239-1241 W 5th St | Lorain, OH 44052
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1239-1241 W 5th St
Lorain, OH 44052
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 5,244 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2018 |
| Building Class | C | Parking Ratio | 0.76/1,000 SF |
| Lot Size | 0.09 AC | Cross Streets | Brownlee |
| Zoning | R-3 - High Density Residential | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,244 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2018 |
| Parking Ratio | 0.76/1,000 SF |
| Cross Streets | Brownlee |
| Zoning | R-3 - High Density Residential |
ABOUT 1239-1241 W 5TH ST , LORAIN, OH 44052
This gorgeous true 4 unit, all brick building, is fully rented and fully rehabbed. Each unit has new carpet, new paint, new appliances and all tenants are paying with 12 month leases. This is a true turn key building. Each unit is a 2 bed 1 bath unit with a full dining room. All units are leased at $550 a month and tenants are responsible for all utilities. Current owner just completed a $20,000 rehab on the building and all of the tenants are happy and want to stay.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $550.00 | 700 |
PROPERTY TAXES
| Parcel Number | 02-02-026-108-001 | Improvements Assessment | $50,873 |
| Land Assessment | $2,496 | Total Assessment | $53,368 |
PROPERTY TAXES
Parcel Number
02-02-026-108-001
Land Assessment
$2,496
Improvements Assessment
$50,873
Total Assessment
$53,368
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