1840 Hancock St | Lorain, OH 44052
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1840 Hancock St
Lorain, OH 44052
Multifamily Property For Sale
·
2 Units
PROPERTY FACTS
| No. Units | 2 | Building Size | 3,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1979 |
| Lot Size | 0.23 AC |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
ABOUT 1840 HANCOCK ST , LORAIN, OH 44052
Great investment opportunity. This is for 11 duplexes, 22 total units on the corner block of 3 streets. Buildings can be purchased as one or can be purchased per building. Rent is currently about 8% below market value. There was no rent increase in most units for several years now. There is good upside potential for income increase by filling vacancies and raising the rent. Currently 80% full. All tenants pay for utilities: electric and water bills.
PROPERTY TAXES
| Parcel Number | 03-00-053-107-012 | Improvements Assessment | $47,730 |
| Land Assessment | $4,365 | Total Assessment | $52,094 |
PROPERTY TAXES
Parcel Number
03-00-053-107-012
Land Assessment
$4,365
Improvements Assessment
$47,730
Total Assessment
$52,094
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