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1808 E 42nd St
Lorain, OH 44055
1800-1808 E 42ND ST · Multifamily Property For Sale
·
20 Units
Investment Highlights
- The property comes with an assumable mortgage of approximately $1 million at a 5.02% interest rate, providing favorable financing terms.
- All units are townhome-style, offering 2 bedrooms and 1.5 baths, which is attractive to families and long-term tenants.
- Fully Occupied: The property is fully occupied, providing immediate and consistent rental income.
- All units have been recently renovated, featuring modern finishes and updates that increase tenant appeal and justify higher rents.
- The three buildings are individually parceled, providing flexibility in future management or sales.
- Stabilized Rents: Current rents are stabilized, ensuring a steady revenue stream with the potential for future rent increases
Property Facts
| No. Units | 20 | Building Size | 18,616 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2022 |
| Building Class | C | Parking Ratio | 2.15/1,000 SF |
| Lot Size | 1.45 AC |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 18,616 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2022 |
| Parking Ratio | 2.15/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Smoke Free
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $296,476 | |
| Land Assessment | $46,429 | Total Assessment | $342,902 |
Property Taxes
Parcel Numbers
Land Assessment
$46,429
Improvements Assessment
$296,476
Total Assessment
$342,902
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