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Washington Townhomes & Apts 2307-2707 Washington Ave 84 Unit Apartment Building For Sale Lorain, OH 44052
INVESTMENT HIGHLIGHTS
- Self-managed by local investor since 2007
- 2 Miles from the Port Lorain Marina featuring beaches, Lorain Harbor Boat Club, dining & nightlife, and summer festivals
- Less than 15 minutes from Lorain County Community College (9,700+ students)
- 62% of the units are two- or threebedroom townhome floor plans
- 8 Minutes from 338-bed Mercy Health Lorain Hospital
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 3.81 AC |
| No. Units | 84 | Building Size | 77,444 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Garden | Parking Ratio | 1.72/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.81 AC |
| Building Size | 77,444 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.72/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Free
- Maintenance on site
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | $875.00 | 580 |
| 2+1 | 20 | $1,005 | 800 |
| 3+1 | 32 | $1,232 | 1,240 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,251,713 | |
| Land Assessment | $116,935 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,134,778 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$116,935
Improvements Assessment
$1,134,778
Total Assessment
$1,251,713
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Washington Townhomes & Apts | 2307-2707 Washington Ave
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