Property Highlights

Fully occupied 10-unit building
One-bedroom, one-bath units
Many units with updates completed
Extra income from storage area
Coin-operated laundry on site
Low property taxes in rental market

Overview

Excellent investment opportunity in Lorain, Ohio-a fully occupied 10-unit apartment building in a high-demand rental market with low property taxes. Each unit is a one-bedroom, one-bath, with many updates already completed, making this a low-maintenance, easy-to-manage asset. There's additional upside with a currently unused storage area that could generate $50-$100 per month, and a small coin operated laundry room for extra income. The owner currently covers water, sewer, and gas due to the on-site boiler system. With rents significantly below market, there's immediate potential to increase revenue by $200-$300 per unit on renewals with minimal to no upgrades required.

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