25 Unit Fully Occupied Portfolio! Specialty FOR SALE


Lorain, OH
$1,950,000 USD
216-956-1884
, Lorain, OH for Sale
$1,950,000 USD
Specialty - FOR SALE
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25 Unit Fully Occupied Portfolio!
Lorain, OH


HIGHLIGHTS

  • Fully Occupied!
  • $28k Per Month In Gross Rent AS-IS!
  • 18 Units Section 8!

OVERVIEW

Turnkey 25-Unit Residential Portfolio | 100% Occupied | Currently Grossing $28K/Month | Lorain County, OH An exceptional opportunity to acquire a fully-occupied, 25-unit residential portfolio across Lorain County, Ohio, currently generating approximately $28,000 per month (~$334,000 annually) in in-place rent. This is real, collected income — not projected — from a stabilized, cash-flowing asset ready to perform from day one. The portfolio spans 15 properties across Lorain, Elyria, and Euclid, offering a diversified scattered-site footprint with no single-vacancy concentration risk. The unit mix includes 8 single-family homes, 5 duplexes, 1 triplex, and 1 quadplex — a balanced blend of asset types under one ownership. Investment Highlights: 100% occupied — all 25 units leased and paying, with stabilized in-place income and no lease-up required ~$28,000/month gross rent (~$334K/year) currently being collected Section 8 stability — 18 of 25 units are voucher-backed through the local Housing Authority, with roughly 60% of collections government-paid and highly reliable Diversified across 15 properties and 3 cities, reducing vacancy and concentration risk versus a single building Ongoing capital investment — many of the units have received various updates over the last 5–7 years; a full property-by-property improvement history is available to qualified buyers One clean transaction — acquire 25 doors and instant scale in a single, simple closing Priced at $1,950,000 — approximately $78,000 per unit With durable, largely government-backed cash flow, a diversified asset base, and a straightforward path to ownership, this portfolio is ideally suited for a cash-flow-focused investor seeking scale in an affordable, landlord-friendly Northeast Ohio market.

ASK ABOUT THIS PROPERTY

Michael OrlandoKey RealtyMore Info
216-956-1884

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Michael OrlandoKey RealtyMore Info
216-956-1884

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