5001-5003 Oberlin Ave | Lorain, OH 44053
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5001-5003 Oberlin Ave
Lorain, OH 44053
Bruce Towers Apartments · Multifamily Property For Sale
·
46 Units
INVESTMENT HIGHLIGHTS
- Currently 93.5% occupied with a 2020 Net Operating Income of $133,882 or a 7.28% Cap Rate at the Asking Price of $1,840,000.00.
- Excellent Value Add Opportunity to Increase Current Revenues by increasing rents.
- 10.96% Projected Cap rate based on 100% Occupancy
- Out of State Ownership Directs Immediate Sale!
PROPERTY FACTS
| No. Units | 46 | Building Size | 32,904 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.04/1,000 SF |
| Lot Size | 1.74 AC | ||
| Zoning | MF | ||
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 32,904 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | $510.00 | - |
| 2+1 | 16 | $565.00 | - |
PROPERTY TAXES
| Parcel Number | 02-01-008-101-214 | Improvements Assessment | $350,819 |
| Land Assessment | $63,669 | Total Assessment | $414,488 |
PROPERTY TAXES
Parcel Number
02-01-008-101-214
Land Assessment
$63,669
Improvements Assessment
$350,819
Total Assessment
$414,488
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
