UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Pittsfield
MLS Listing ID 5225081
HOA Y/N No
Year Built 1954
Annual Tax Amount $11,594
Tax Year 2024
Lot Size 3.250 Acres
Acres 3.25
Property Sub-Type Retail
Property Description
The property includes 10 residential units, each offering 2 bedrooms, 1 full bathroom, private in-suite laundry, ceramic tile flooring throughout, and a refrigerator and stove that will remain with the property. The metal roof was replaced approximately three years ago.
Also included is a 72' x 162' outbuilding with concrete floors, currently occupied by an established mechanic's business, providing additional commercial rental income. Above the outbuilding are 4 additional apartment units, further enhancing the property's revenue potential.
This is a 100% occupied investment, with all residential units and the commercial space currently leased, providing immediate cash flow from day one. This well-maintained, fully leased property offers multiple income streams and outstanding long-term investment potential.
Showings require a fully executed purchase contract and a minimum of 48 hours' notice.
Location
State OH
County Lorain
Rooms
Basement Apartment
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Fence None
Water Access Desc Public
Roof Type Metal
Present Use Multi-Family,Mixed Use,Residential,Retail,Single Family,Warehouse
Building
Foundation Slab
Sewer Holding Tank, Septic Needed, Septic Tank
Water Public
Schools
School District Oberlin Csd - 4712
Others
Tax ID 14-00-017-000-003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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Dawn Semancik
Team Leader | License ID: SAL.2016005292
Team Leader License ID: SAL.2016005292
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