5510 Beavercrest Dr - Apartments FOR SALE


Lorain, OH 44053
$925,000 USD
216-264-2048
5510 Beavercrest Dr, Lorain, OH for Sale
$925,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

5510 Beavercrest Dr
Lorain, OH 44053


HIGHLIGHTS

  • Owned and self-managed by local family
  • All two- and three-bedroom townhomes with in-suite laundry
  • 60% of units have been renovated and achieve premiums in excess of $325 over unrenovated units
  • Additional upside through utility billback or submetering
  • Directly adjacent to Mercy Health Lorain Hospital (338 beds; 1,000+ employees)
  • Across the street from FoxCreek Golf and Racquet Club

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

10

PRICE/UNIT

$92,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golf Crest Manor

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,311 SF

ZONING

-

APN/PARCEL ID

02-03-001-103-031

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.