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235 E Erie Ave
Lorain, OH 44052
B & J Apartments · Multifamily Property For Sale
·
40 Units
Investment Highlights
- Durable brick construction with strong infrastructure, 38 on-site parking spaces; covered patio area with grill, fireplace, table, chairs and benches.
- Tenant-paid electric minimizes expense exposure
- Fully stabilized asset with immediate cash flow; Below-market rents with measurable upside (10–40%+)
Property Facts
| No. Units | 40 | Building Size | 31,700 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 0.32 AC |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 31,700 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.2/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Picnic Area
- Grill
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | $604.50 | 500 |
| 2+1 | 6 | $713.00 | 700 |
| 2+2 | 1 | $713.00 | 1,000 |
Property Taxes
| Parcel Number | 02-01-001-106-016 | Improvements Assessment | $116,389 |
| Land Assessment | $9,611 | Total Assessment | $126,000 |
Property Taxes
Parcel Number
02-01-001-106-016
Land Assessment
$9,611
Improvements Assessment
$116,389
Total Assessment
$126,000
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