4828 Lorain Ave, Cleveland, OH 44102
6 Unit Apartment Building | For Sale | Cleveland, OH 44102
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 7,570 SF
Listing Contacts
Eric Schreibman
Verified Profile
Kirsten Paratore
Verified Profile
Rico Pietro
Verified Profile
Robby Martinelli
Verified Profile
- Property Info
Property Overview
85.7% occupied mixed-use investment opportunity. First floor retail under a 5-year lease with liquor license in place. Units rehab completed in 2022, with new in-suite HVAC units, granite counter tops, tiled bathrooms and new stainless steel appliances. Mechanical, electrical and plumbing building systems are all new. Capital improvements include new windows throughout and roof replaced within the past 10 years. Shared laundry facilities in lower level. 15-year property tax abatement in place. Local developer has announced two new construction projects directly to the east and west of the site. Covered patio area and private fenced backyard for apartment residents. After-hours parking available across the street at Urban Community School.
Property Details
- Class
- C
- Year Built/Renovated
- 1920/2022
- Stories
- 2
- Lot Size (sq. ft)
- 5,227 SF
- Units
- 6
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