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$523,000
5 Days On Site

1900 E 28th Street
Lorain, OH 44055

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1920
Built
Subdivision:
Sheffield Land Cos 01
County:
Lorain

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440.838.1111
1900 E 28th Street1900 E 28th Street1900 E 28th Street1900 E 28th Street
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Incredible investment opportunity! This fully renovated 14-unit brick apartment building offers a turnkey cash flow property with potential for even more income. Twelve units have been completely upgraded with new flooring, paint, and kitchen and bathroom improvements, while all common areas feature fresh vinyl flooring and paint. The property includes 12 studios, a one-bedroom unit, and a two-bedroom unit. With boiler heat, the owner covers gas, heating, water, and sewer, while tenants pay their own electric. The current owner, who self-manages, is open to continuing management for a seamless transition. Additional income opportunities include adding coin operated washers and dryers to the already existing laundry room, increasing rents, and renovating the remaining two units. This is a fantastic chance to step into a well-maintained, income-generating property with significant upside!

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Listing Snapshot
Price 
$523,000
Days On Site 
5 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.14 Acres
Year Built 
1920
MLS® Number 
5086296
Status 
Active
Property Tax 
$7,837
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing first seen on site
5 days agoListing updated with changes from the MLS®
General Features
Acres 
0.14
Additional Property Use 
Residential
Parking 
On SitePaved
Property Sub Type 
Apartment
Special Circumstances 
Standard
Interior Features
Basement 
Full
Heating 
Hot WaterSteam
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Exterior Features
Roof 
Flat
Community Features
Financing Terms Available 
CashConventional
School District 
Lorain CSD - 4709
Township 
Lorain
Schools
School District
Lorain CSD - 4709
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Tal Tamir of Russell Real Estate Services



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2024 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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