$474,900

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1888 E 28Th Street Lorain, OH, United States 44055

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.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Residential
  • Year Built: 1925
  • Built in 1925
  • Home size: 0 ft2 / 0.00 m2
  • MLS: 5137926
  • Status: Active
Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Russell Real Estate Services

(800) 556-6530

Get more listing details on brokerage site

Presented by Tal Tamir

  • (440) 526-9400
  • (440) 526-9400 (Office Phone)

Contact Tal Tamir

Contact Agent

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