Lorain Portfolio | 3 properties 3 Properties Offered at $375,000 in Multiple Locations

Strong Returns. Low Maintenance. Built-In Equity.
This fully occupied, professionally managed 3-property single-family portfolio in Lorain and Elyria is cash-flowing at an 8.78% cap, with a 12.37% cash-on-cash return and 1.5 DSCR at 75% LTV.
Consists of 3 occupied, single family homes in lorain and elyria.
Generating $4,070/month ($48,480 annually) with a current NOI of $32,927, this portfolio offers solid returns from day one with upside through future rent increases. Tenants pay all utilities, keeping owner expenses minimal. No Sec 8 tenants.
ARV is near $500k if sold to homeowners, creating $150,000 of instant equity!

Recent CapEx :
• New hot water tanks and furnaces at 509 Lake & 1872 E 30th
• Sewer line repairs at Lake
• New roof on 509 Lake
• Full interior renovation at W 20th
• ~$5K in additional upgrades at 1872 E 30th
• All major work done—future maintenance projected at just 5%

Property Overview:
• 1872 E 30th St, Lorain (44055) – 5 bed / 2 bath | $1,600 | Lease through Dec 2026
• 509 Lake Ave, Elyria (44035) – 4 bed / 2 bath | $1,200 | MTM
• 1415 W 20th St, Lorain (44052) – 3 bed / 1.5 bath | $1,270 | Lease through Feb 2027
**Seller has 2 other portofolios and 2 singles for sale ( see below)

Operational Details:
Professionally managed at a 13% fee
Tenants pay all utilities
Owner only pays taxes and insurance
No showings until accepted offer
Full due diligence package available, including rent roll and financials
Seller prefers to sell as a package, but can split
Professionally managed at a 13% fee with a 23% repair average / year which offers instant reduction in expenses.

Location Highlights:
Near University Hospitals Elyria, Lorain County Community College, and Lake Erie
Close to major transit, shopping, schools, and parks
Zip codes: 44052, 44055, and 44035
Strong rental demand and economic development in the area
Minutes from Lorain County Community College, University Hospitals, and Lake Erie, with over $67M in infrastructure investment supporting future growth and tenant demand.

?? Rent roll and financials included in the DD package
?? No showings until accepted offer
?? Seller prefers to sell as a package, with additional portfolios available
Whether you're scaling or starting strong—this portfolio checks every box. Request the full due diligence package and lock in long-term cash flow with built-in upside.
Other portfolios can be found by searching 5250 E 115 Garfield Heights, 8213 Ivandale parma, 1344 w 93 and 2026 w 99 cleveland .