XXXX W Erie Ave, Lorain, OH 44053

  • $371,000
XXXX W Erie Ave, Lorain, OH 44053
Featured For Sale Wholesale off market

XXXX W Erie Ave, Lorain, OH 44053

XXXX W Erie Ave, Lorain, OH 44053
  • $371,000

Overview

  • Multi Family Home, Residential
  • Property Type
  • 8,441
  • SQ FT

Description

Property Updated on Wednesday, December 6, 2023 by Nadlan Invest

Property Details

Property Type: Multi Family Home

Total size: 8,441 SQ FT

Net Tax: $3,678.38

Estimated ARV: $850-950K

Estimated Net Cash after stabilization: $6k-$7k month – $72k-$84k annually.

Can stabilize $11k-$12.5k month.

A previous motel that was already rezoned by the city as MFH. 4 Buildings. 17 units.

Unique multi-family opportunity by the lake.

Low maintenance slab foundations.

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NOTE:

Buyer Pays All Closing Costs

$ 3,000 Non-Refundable Deposit is Required Per Property

Showing requests that have an Offer included will be given priority.

We review ALL offers and accept backup offers.

Disclaimer info

YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates or information provided are for real estate investors' convenience, who must verify all estimated numbers independently. ANY information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified assumption of the broker or its affiliates based on limited information and should be verified independently for accuracy. Broker and its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates or information provided.

DO NOT ENTER PROPERTY WITHOUT BROKER OR AGENT: Broker and its affiliates do not give authority, either expressed or implied, to the recipient of this information to enter this property. A property inspection may be obtained by scheduling an inspection with an authorized broker or agent

NON-REPRESENTATION: Broker and its affiliates do NOT represent the recipient of this information

RISK OF LOSS: Real estate investment is speculative in nature and the risk of loss can be substantial. The recipient of this information should carefully consider whether such investing is suitable for them.

Details

Updated on December 6, 2023 at 11:00 pm
  • Price: $371,000
  • Property Size: 8,441 SQ FT
  • Property Type: Multi Family Home, Residential
  • Property Status: For Sale, Wholesale
  • Address XXXX W Erie Ave
  • City LORAIN
  • State / County Ohio
  • Zip / Postal Code 44053
  • Country United States

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