Elyria & Lorain Asset Portfolio
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Elyria & Lorain Asset Portfolio
16 Specialty Properties Offered at $1,773,500 in Multiple Locations
Executive Summary
Package of 16 single-family homes in the cities of Lorain and Elyria in Ohio. All are in very good condition, in decent neighborhoods, and rented on one-year leases. All have at least three bedrooms and one bath, some have more bedrooms and/or baths. With allowances for taxes, insurance, and repairs ($1,000 per property per year), the net operating income is $175,000 per year; this does not include the cost of management, as the owner manages the properties himself. A great investment in a growing and improving area, with substantial potential rent increases as well as ongoing appreciation.
Property Facts
| Price | $1,773,500 | Number of Properties | 16 |
| Price / SF | $89.07 / SF | Individually For Sale | 0 |
| Cap Rate | 9.85% | Total Building Size | 19,911 SF |
| Sale Type | Investment | Total Land Area | 2.20 AC |
| Status | Active |
| Price | $1,773,500 |
| Price / SF | $89.07 / SF |
| Cap Rate | 9.85% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 16 |
| Individually For Sale | 0 |
| Total Building Size | 19,911 SF |
| Total Land Area | 2.20 AC |
Properties
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Elyria & Lorain Asset Portfolio
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