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1548 Reid Ave
Lorain, OH 44052
Multifamily Property For Sale · 9 Units

Investment Highlights

  • Centrally Located near the Lorain Business District off Broadway
  • Several low interest loans available for finishing the rehab, Historic State and Federal Tax Credits and tax abatement available
  • Lower level offers area for work out room and storage lockers and garden style efficiency apartments
  • Historic Building with masonry construction
  • Large Parking are for up to 100 vehicles that could be fenced in storage as well

Property Facts

No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.67 AC
Construction Status Under Renovation
Building Size 14,934 SF
No. Stories 2
Year Built/Renovated 1895/2024
Cross Streets Between 15th and 16th Street
Zoning R-3 - High Density Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 9 - 868 - 1,660

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 02-01-003-139-011
  • 02-01-003-139-022
  • 02-01-003-139-040
  • 02-01-003-139-010
  • 02-01-003-139-023
Land Assessment
$9,206
Improvements Assessment
$47,072
Total Assessment
$56,278
  • Listing ID: 32792354

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 1548 Reid Ave, Lorain, OH 44052

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