1756 Oakdale Ave, Lorain, OH
$ 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:
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
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


  • 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

AVG $150K
AVG 132
Year Built
AVG 1941
AVG 45
Data Provided by Walkscore ® not using MLS data

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