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Golf Crest Manor 5510 Beavercrest Dr 10 Unit Apartment Building $925,000 ($92,500/Unit) Lorain, OH 44053
Investment Highlights
- Owned and self-managed by local family
- 60% of units have been renovated and achieve premiums in excess of $325 over unrenovated units
- Directly adjacent to Mercy Health Lorain Hospital (338 beds; 1,000+ employees)
- All two- and three-bedroom townhomes with in-suite laundry
- Additional upside through utility billback or submetering
- Across the street from FoxCreek Golf and Racquet Club
Financial Summary (Actual - 2026) 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 - 2026) 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | $1,000 | 975 |
| 3+1.5 | 4 | $1,125 | 1,100 |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 02-03-001-103-031 | Total Assessment | $196,858 (2024) |
| Land Assessment | $25,407 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $171,451 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
02-03-001-103-031
Land Assessment
$25,407 (2024)
Improvements Assessment
$171,451 (2024)
Total Assessment
$196,858 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
Contacts
-
Michael Barron -
Charles Gagliano -
Justin Blanche -
Institutional Property Advisors
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