18970 Lorain Rd
Fairview Park, OH 44126
Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 10,350 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1956/2018 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 0.39 AC | ||
| Zoning | GB-A - Fairview Park | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 10,350 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2018 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | GB-A - Fairview Park |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Refrigerator
- Range
About 18970 LORAIN RD , FAIRVIEW PARK, OH 44126
The Fairview Apartments is a contemporary, well maintained building, conveniently located just steps from the scenic Metroparks Rocky River Reservation. It is within walking-distance of the Kamm's Corners shopping district; restaurants, grocery, entertainment, Cleveland Clinic Medical campus, pharmacies and many other offerings. The building features updated common areas with All New: lighting, contemporary wall decor, mailboxes, high energy efficient double pane windows (in renovated suites), mailboxes, secured entry and freshly painted exterior. Each Suite has a dedicated furnace, hot water tank and air conditioner (central air in renovated suites), Tenants pay gas & electric. Owner pays water, sewer & common area electric. 4 of the 12 suites have been completely renovated into luxury suites commanding a significantly higher rent than pre-renovation. Broker has managed the property since the current owner purchased. Broker is available to continue managing the property for new owner. Additionally Broker managed the renovation of 4 suites. Surface and garage parking. Garage spaces require an additional monthly fee. See attached brochure for additional information.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 323-11-059 | Improvements Assessment | $227,430 |
| Land Assessment | $35,945 | Total Assessment | $263,375 |
Property Taxes
