Contacts
Mark Abood
Property Details
- Property Type Other
- Date Updated Apr 30, 2024
This strong and stable SFR investment portfolio includes 18 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 95% occupied often with tenant waiting lists. Net operating income is approximately $110,000 per year with annual rent increases permitted under the OHFA Agreement. Lorain County Tax Value of the portfolio is over $2,226,000! 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.
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Getting around
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56/100
Walk Score ®
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50/100
Bike Score ®
Location
- City Lorain, OH
- Neighborhood Lorain
- Zip Code 44052
- Market Cleveland Akron
Points of Interest
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Elyria
7.06 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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Sunoco
3.20 miles
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GetGo
3.21 miles
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Marathon
3.21 miles
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Speedway
3.32 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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Bus Parking
6.07 miles
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RV Parking
6.10 miles
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West Lot
8.75 miles
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South Lot
8.80 miles
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Animal Clinic Northview Parking Lot
8.86 miles
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North Lot
8.91 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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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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Lorain Studio Suites
5.14 miles
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Hampton Inn & Suites Elyria
5.22 miles
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Fligner's Market
0.31 miles
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Sav-a-Lot
0.88 miles
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Apples
1.16 miles
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Big Lots
1.74 miles
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Walmart Supercenter
2.55 miles
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Apples
2.60 miles
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Kohl's
2.69 miles
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Marc's
2.77 miles
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Save-A-Lot
3.11 miles
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Meijer
3.20 miles
In-Depth Research Available for this Property
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