GET MORE INFORMATION
$ 195,000
$ 199,900 2.5%
4,791 Sqft Lot
$ 195,000
$ 199,900 2.5%
4,791 Sqft Lot
Key Details
Sold Price $195,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Sheffield Land Co
MLS Listing ID 5201930
Sold Date 05/26/26
HOA Y/N No
Year Built 1931
Annual Tax Amount $4,717
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Apartment
Property Description
The property has seen over $70,000 in recent renovations and improvements, including updates to unit interiors and major building systems. All units are separately metered for gas and electric, with tenants paying their own utilities, helping keep owner expenses low and maximizing cash flow.
The unit mix includes both one and two bedroom layouts, with select one bedroom units offering additional bonus space that enhances rental appeal and flexibility. Additional features include a basement with furnaces, water heaters, and sump pumps, along with an unused garage space that offers future value-add potential for storage or additional income.
This is a rare opportunity to acquire a ready-to-go, income-producing multifamily asset with strong cash flow and long-term upside.
Location
State OH
County Lorain
Interior
Heating Gas
Fireplace No
Exterior
Parking Features Asphalt, Parking Lot
Water Access Desc Public
Roof Type Flat
Present Use Commercial
Building
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 03-00-095-102-018
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
Bought with Adrian Frederick • Coldwell Banker Schmidt Realty