4638-4640 Oberlin Ave | Lorain, OH 44053
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- LoopNet Team
4638-4640 Oberlin Ave
Lorain, OH 44053
Oberlin Ave Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Modern Upgrades: All units have been recently renovated, featuring modern finishes and updates that increase tenant appeal and justify higher rents.
- Stabilized Rents: Current rents are stabilized, providing a reliable revenue stream with potential for rent increases.
- Ready for Investment: The property operates as a turnkey investment with no immediate need for repairs or major updates.
- Fully Occupied: The property is fully occupied, ensuring immediate and consistent rental income.
- Rent Growth: There is potential for future rent increases, allowing for enhanced revenue and improved returns.
- Durable Construction: The property features a durable brick exterior, minimizing maintenance and enhancing the property’s longevity.
PROPERTY FACTS
| No. Units | 24 | Building Size | 18,400 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1969/2024 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| Lot Size | 0.82 AC |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 18,400 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2024 |
| Parking Ratio | 1.38/1,000 SF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Service
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 710 |
| 2+1 | 20 | - | 1,025 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $402,304 | |
| Land Assessment | $83,397 | Total Assessment | $485,701 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$83,397
Improvements Assessment
$402,304
Total Assessment
$485,701
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