OH > Lorain > Sheffield Land & Improv C
Lorain, OH 44055,1888 E 28th ST
Lorain, OH 44055,1888 E 28th ST
Lorain, OH 44055,1888 E 28th ST
Lorain, OH 44055,1888 E 28th ST
Lorain, OH 44055,1888 E 28th ST
Lorain, OH 44055,1888 E 28th ST
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 474,900
Est. payment | /mo

0.29 Acres Lot

Save
$ 474,900
Est. payment | /mo
Save

0.29 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Sheffield Land & Improv C

MLS Listing ID 5137926

HOA Y/N No

Year Built 1925

Annual Tax Amount $3,382

Tax Year 2024

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Apartment

Property Description

Excellent investment opportunity in Lorain, Ohio—a fully occupied 10-unit apartment building in a high-demand rental market with low property taxes. Each unit is a one-bedroom, one-bath, with many updates already completed, making this a low-maintenance, easy-to-manage asset. There's additional upside with a currently unused storage area that could generate $50–$100 per month, and a small coin operated laundry room for extra income. The owner currently covers water, sewer, and gas due to the on-site boiler system. With rents significantly below market, there's immediate potential to increase revenue by $200-$300 per unit on renewals with minimal to no upgrades required.

Location

State OH

County Lorain

Interior

Heating Hot Water, Steam

Fireplace No

Exterior

Parking Features On Site, Paved

Roof Type Flat

Schools

School District Lorain Csd - 4709

Others

Tax ID 03-00-095-101-022

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
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+1(216) 971-3161

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1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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