1833-1845 E 31st St - Apartments FOR SALE


Lorain, OH 44055
$1,399,000 USD
703-424-4705
1833-1845 E 31st St, Lorain, OH for Sale
$1,399,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

1833-1845 E 31st St
Lorain, OH 44055


OVERVIEW

36 Unit Multi Family in Lorain OH with attractive assumable debt. Originally Developed under HUD §236(j)(1) Mortgage Program in 1971 72 % Project-Based Section 8; 5-Year Option 4 HAP Contract renewed in 2025 for an additional 5 years. Located in an Opportunity Zone & Qualified Census Tract Recently Renovated in 2019 Contact Nick Burton - Burton@LegacyWealthHoldings.Com for any questions or to submit an offer.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$52 USD /SF

# OF UNITS

36

PRICE/UNIT

$38,861

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowell Apartments - Assumable Debt

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

R-1

APN/PARCEL ID

03-00-095-103-022

ASK ABOUT THIS PROPERTY

Nick BurtonLegacy Wealth HoldingsMore Info
703-424-4705

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Nick BurtonLegacy Wealth HoldingsMore Info
703-424-4705

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