Address
1756 Oakdale Ave, Lorain, OH
Price
$ 1,300,000
Property Attributes
- MLS#4445446
- TypePending
- CountyLORAIN
- CityLorain
- NeighborhoodWilliam A Braman Tes Allotment
- Zip44052
- Style
- Price$ 1,300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size8,276 SqFt
Data Source:
MLSNow
Property Description
Calling all savvy investors looking for a serious value-add deal! This portfolio of (27) units consists of (21) single family homes and (3) duplexes. The properties are being sold as is, in need of rehab, but ripe for a value-add investor to buy, rehab, rent, refi and roll, or stabilize and sell. Properties will all need some level of renovation (see pics) consisting of cosmetic and some larger ticket items. But, at a per door price of $48,148 it gives a buyer plenty of room to add value, while maintaining a low cost basis. Once this portfolio is occupied and cash flowing, a savvy investor will casually bring in over $350,000+ annually in rental income given Lorain's strong rents via market rate tenants or through LMHA (Lorain Metropolitan Housing Authority) voucher holding tenants. Please reach out or see supplements for Offering Memorandum and total list of addresses and parcel #'s.
| Price History | |
|---|---|
| 3/20/2023 | Listed $1,300,000 |
General Features
| Additional Parcels Description | 02-01-003-145-011, 02-01-006-138-032, 02-01-006-105-023, 03-00-098-122-010 |
|---|---|
| Additional Parcels Y/N | No |
| Association Y/N | No |
| Buyer Agent Compensation | 1.5 |
| Carport Y/N | No |
| City | Lorain |
| County | Lorain |
| Directions | Portfolio of 27-units consisting of 21 single-families and 3 duplexes all within a 2-mile radius of each other. |
| Garage Y/N | No |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Mobilehomeremainsyn | No |
| New Construction | No |
| Possession | DeliveryOfDeed |
| Private Pool | No |
| Property Attached Y/N | No |
| Property Sub Type Additional | Other |
| Property SubType | Other |
| Property Type | CommercialSale |
| Rent Control Y/N | No |
| Senior Community Y/N | No |
| Standard Status | Pending |
| Status | Pending |
| Street Name | Oakdale |
| Subdivision Name | William A Braman Tes Allotment |
| Terms | Cash, Conventional, Trade |
| Township | Lorain City Twp |
| View Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/1756-Oakdale-Ave-Lorain-OH-44052/unbranded |
| Waterfront Y/N | No |
| Year Built | 1919 |
| Year Built Details | Actual YBT |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Heating Y/N | No |
| Street Suffix | Avenue |
Exterior Features
| Attachedgarageyn | No |
|---|---|
| Days on Market | 60 |
| Living Area | 0.0 |
| Showing Instructions | Call Agent |
| Building Area Total | 0.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 0.19 |
| Lot Size Area | 0.19 |
| Lot Size Units | Acres |
| Open Parking Y/N | No |
| Spa | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 44052
Price
Visits
Year Built
Walkscore
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