- For Sale $1,177,000
- Property Type Other
- Additional Rent Contact for pricing
- Date Updated Dec 21, 2024
This strong and stable SFR investment portfolio includes 11 single family homes in very desirable neighborhoods within the City of Lorain. Each of the homes was built circa 2006-2007 and is under contract with the Ohio Housing Finance Agency to provide affordable housing to qualified residents of the community. The portfolio is 100% occupied often with tenant waiting lists. Net operating income is approximately $71,500 per year with annual rent increases permitted under the OHFA Agreement. Lorain County Tax Value of the portfolio is over $1,352,000! The properties are located near excellent schools, public transportation, shopping, banking, health systems, and recreational amenities! The City of Lorain is experiencing an incredible renaissance with new development and public space improvements ongoing. Just minutes from the OH turnpike, S.R. 2 and I-90. 30 minutes west of Cleveland and 45 minutes east of Toledo.
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
-
Walk Score ®
56/100
Somewhat Walkable
-
Bike Score ®
50/100
Bikeable
- City Lorain, OH
- Zip Code 44052
- Market Cleveland Akron
Points of Interest
-
Elyria
7.06 miles
-
Valero
1.17 miles
-
Broadway Gas
2.13 miles
-
Circle K
2.15 miles
-
Speedway
2.70 miles
-
Marathon
2.76 miles
-
Sunoco
2.77 miles
-
Shell
2.95 miles
-
Pure
2.98 miles
-
Meijer
3.09 miles
-
RV Parking
5.77 miles
-
Bus Parking
5.80 miles
-
Car Parking
5.82 miles
-
Truck Parking
5.89 miles
-
West Lot
8.75 miles
-
South Lot
8.80 miles
-
Ariel Broadway Hotel
0.96 miles
-
Days Inn by Wyndham Amherst
3.32 miles
-
Motel 6 Amherst, OH - Cleveland West - Lorain
3.39 miles
-
Quality Inn
4.61 miles
-
Country Inn & Suites
4.65 miles
-
Best Western Inn
4.73 miles
-
Red Roof
4.79 miles
-
Camelot Inn
4.82 miles
-
Sandstone Suites
4.83 miles
-
Homewood Suites
4.86 miles
-
Gyros & More
0.29 miles
-
El Keffon Grand Buffet
0.29 miles
-
Campana's International Cafe
0.60 miles
-
Lorenzo's Pizza
0.60 miles
-
Five Alarm PizzA
0.69 miles
-
Selenti's Pizza
0.81 miles
-
Golden Crown
0.84 miles
-
Domino's
0.85 miles
-
Papasito's Mexican Cantina
0.87 miles
-
4th Street Diner
0.88 miles
-
Boone Elementary School
0.24 miles
-
Hawthorne Elementary School
0.27 miles
-
New Beginnings Academy
0.64 miles
-
Admiral King Elementary School
0.72 miles
-
General Johnne Wilson Middle school
0.75 miles
-
Saint Stanislaus School
0.86 miles
-
Lorain Community Charter School
0.99 miles
-
Lorain High School
1.12 miles
-
Horizon Science Academy
1.22 miles
-
Saint Peter School
1.30 miles
-
Spectrum Scholars Early Learning Center
0.24 miles
-
Hopkins-Locke Center
0.40 miles
-
Elyria Kidz R Us II Learning Center
0.55 miles
-
Little Hearts Learning
0.61 miles
-
Tower Educational Learning Center
1.40 miles
-
Horizon Education Centers
3.47 miles
-
Hello Kitty Kiddies Childcare
3.94 miles
-
The Nest Schools
4.34 miles
-
The Next Generation
8.47 miles
-
KinderCare
9.94 miles
Frequently Asked Questions
The space currently listed for sale at Strong & Stable SFR Investment Portfolio asks for $1,177,000.
Strong & Stable SFR Investment Portfolio totals 11 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
