440-539-3330
1548 Reid Ave, Lorain, OH for Sale
Apartments - FOR SALE
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1548 Reid Ave
Lorain, OH 44052


HIGHLIGHTS

  • Historic Architectural Details
  • Large Parcking lot for up to 100 vehicles
  • Up to 8 Units depending on 1 bedroom/1 bath or 2 bedrooms 1 bath

OVERVIEW

Prime Investment Opportunity to convert this Historic Landmark Romanesque Church into up to 8 rental or condo units just one block away from the Business District of Lorain and minutes to the Lakefront and Marina. Possible Historic Tax Credits, tax abatements and low interest loan for Improvements available. Renovation has begun. Owner will assist in submitting final plans and acquiring the Historic Tax Credits, Tax abatements, Grant money and low interest Ohio 1 PACE improvement loan,. Large paved parking lot for up to 100 vehicles. Bring you own Contractor. Call John Chandler for Details at 440-539-3330.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

R-3

APN/PARCEL ID

02-01-003-139-010,02-01-003-139-011,02-01-003-139-022,02-01-003-139-023,02-01-003-139-040

ASK ABOUT THIS PROPERTY

John ChandlerHoward Hanna Real EstateMore Info
440-539-3330

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John ChandlerHoward Hanna Real EstateMore Info
440-539-3330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.