5001-5003 Oberlin Ave - Apartments FOR SALE
Lorain, OH 44053 |
5001-5003 Oberlin Ave
Lorain, OH 44053
HIGHLIGHTS
- Currently 93.5% occupied with a 2020 Net Operating Income of $133,882 or a 7.28% Cap Rate at the Asking Price of $1,840,000.00.
- 10.96% Projected Cap rate based on 100% Occupancy
- Excellent Value Add Opportunity to Increase Current Revenues by increasing rents.
- Out of State Ownership Directs Immediate Sale!
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Bruce Towers Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
36834
STORIES
2
YEAR BUILT
1960
PARKING SPACES
75
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
02-01-008-101-214
