1833-1845 E 31st St | Lorain, OH 44055
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1833-1845 E 31st St
Lorain, OH 44055
Lowell Apartments · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- There is an assumable loan of $1,230,000 at a 3.48% interest rate with a maturity date of December 1st, 2032.
- Meaning, the buyer doesn't have to bring as much cash to close, thus increasing COC returns!
- The seller is willing to carry back a portion of the balance in a seller carry position (negotiable on terms)
PROPERTY FACTS
| No. Units | 36 | Building Size | 16,968 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2019 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 1.09 AC | ||
| Zoning | R-1 - Residential | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 16,968 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2019 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | R-1 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 700 |
| 2+1 | 12 | - | 900 |
PROPERTY TAXES
| Parcel Number | 03-00-095-103-022 | Improvements Assessment | $405,699 |
| Land Assessment | $34,913 | Total Assessment | $440,612 |
PROPERTY TAXES
Parcel Number
03-00-095-103-022
Land Assessment
$34,913
Improvements Assessment
$405,699
Total Assessment
$440,612
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