Contacts
Property Details
- Property Type Other
- Additional Rent Contact for pricing
- Date Updated Dec 21, 2024
This strong and stable SFR investment portfolio includes 11 single family homes in very desirable neighborhoods within the City of Lorain. Each of the homes was built circa 2006-2007 and is under contract with the Ohio Housing Finance Agency to provide affordable housing to qualified residents of the community. The portfolio is 100% occupied often with tenant waiting lists. Net operating income is approximately $71,500 per year with annual rent increases permitted under the OHFA Agreement. Lorain County Tax Value of the portfolio is over $1,352,000! The properties are located near excellent schools, public transportation, shopping, banking, health systems, and recreational amenities! The City of Lorain is experiencing an incredible renaissance with new development and public space improvements ongoing. Just minutes from the OH turnpike, S.R. 2 and I-90. 30 minutes west of Cleveland and 45 minutes east of Toledo.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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56/100
Walk Score ®
-
50/100
Bike Score ®
Location
- City Lorain, OH
- Zip Code 44052
- Market Cleveland Akron
Points of Interest
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Elyria
7.06 miles
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Valero
1.17 miles
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Broadway Gas
2.13 miles
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Circle K
2.15 miles
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Speedway
2.70 miles
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Marathon
2.76 miles
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Sunoco
2.77 miles
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Shell
2.95 miles
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Pure
2.98 miles
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Meijer
3.09 miles
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RV Parking
5.77 miles
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Bus Parking
5.80 miles
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Car Parking
5.82 miles
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Truck Parking
5.89 miles
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West Lot
8.75 miles
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South Lot
8.80 miles
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Ariel Broadway Hotel
0.96 miles
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Days Inn by Wyndham Amherst
3.32 miles
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Motel 6 Amherst, OH - Cleveland West - Lorain
3.39 miles
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Quality Inn
4.61 miles
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Country Inn & Suites
4.65 miles
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Best Western Inn
4.73 miles
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Red Roof
4.79 miles
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Camelot Inn
4.82 miles
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Sandstone Suites
4.83 miles
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Homewood Suites
4.86 miles
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Fligner's Market
0.31 miles
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Save-A-Lot
0.88 miles
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Apples
1.18 miles
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Key Food
1.54 miles
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Big Lots
1.74 miles
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Walmart Supercenter
2.54 miles
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Kohl's
2.69 miles
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Marc's
2.77 miles
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Meijer
3.20 miles
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Giant Eagle
3.24 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
