19860 Lorain Rd - Apartments FOR SALE


Fairview Park, OH 44126
$699,900 USD
440-263-7501
19860 Lorain Rd, Fairview Park, OH for Sale
$699,900 USD
Apartments - FOR SALE
1/30
null | 7% Cap Rate

19860 Lorain Rd
Fairview Park, OH 44126


HIGHLIGHTS

  • 6 Spacious Units - mix of 1BR & 2BR apartments with consistent rental demand
  • NEW Roof(s) (2020 and 2025) - reduces capital expenditure risk fpr incoming investor
  • 100% bonus Depreciation (2025) - significant tax advantage fpr investors!

OVERVIEW

Prime 6-Unit Investment Opportunity in Fairview Park! This well-maintained all-brick 6-unit apartment building offers a rare chance for savvy investors to secure a turn-key property in a highly sought-after suburb.The property features 4 two-bedroom units and 2 one-bedroom units. The building features a detached garage parking for each tenant plus additional guest spaces, and the location, location, location provides easy access to major highways, hospitals, shopping, dining, parks, beaches and Cleveland Hopkins international airport. Recent updates include a new building pitched roof (2020), new garage flat roof (2025), two renovated units with fresh paint and carpet, updated electrical panel (2025), new furnaces, newer water heaters, and parking lot drain..making this property nearly maintenance-free and CapEx $avings. Investment Highlights: Long-term tenants in place with below-market rents Upside cash flow potential Value appreciation over time Debt paydown with rental income Great tax benefits, including the 2025 100% bonus depreciation Combine all these benefits, and you have what we call the ROI Quadrant.... allowing you to see the true return on investment, not just monthly rent, but the bigger financial picture. Don’t miss this turn-key opportunity to own a high-performing asset in one of Northeast Ohio’s premier communities. Sellers’ Building Inspection Report available.

FOR SALE DETAILS

PRICE

$699,900 USD

PRICE/SF

$115 USD /SF

# OF UNITS

6

PRICE/UNIT

$116,650

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19860 Lorain Road, Fairview Park Ohio 44126

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,927 SF

ZONING

RMF-G

APN/PARCEL ID

323-14-001

ASK ABOUT THIS PROPERTY

George MastrosavasHoward Hanna Real Estate ServicesMore Info
440-263-7501

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George MastrosavasHoward Hanna Real Estate ServicesMore Info
440-263-7501

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