Apartment Buildings /OH /Lorain County /Lorain /1615 E 29th St
Apartment Buildings /OH /Lorain County /Lorain /1615 E 29th St

1615 E 29th St - Apartments FOR SALE


Lorain, OH 44055 | 
$2,500,000 USD
216-264-2048
1615 E 29th St, Lorain, OH for Sale
$2,500,000 USD
Apartments - FOR SALE
1/12
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1615 E 29th St
Lorain, OH 44055

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HIGHLIGHTS

  • Priced at just over $50,000 per unit
  • Owned and managed by local investment company
  • Complete renovation beginning in 2020 including all new windows, HVAC, electrical, roofs, common areas, and units totaling almost $1.2M
  • Majority two-bedroom floorplans (83%)
  • Within 25 minutes of 5 major hospitals

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$39 USD /SF

# OF UNITS

48

PRICE/UNIT

$52,083

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Graystone Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

R-2

APN/PARCEL ID

03-00-096-101-049,03-00-097-103-022,03-00-097-103-023,03-00-097-103-024,03-00-097-103-025,03-00-097-103-026,03-00-097-103-027,03-00-097-103-028,03-00-097-103-029,03-00-097-103-030

ASK ABOUT THIS PROPERTY

Michael BarronInstitutional Property AdvisorsMore Info
216-264-2048

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Michael BarronInstitutional Property AdvisorsMore Info
216-264-2048

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

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