For Sale, USD 399,000
1404 Long Avenue, Lorain OH 44052, Lorain, Ohio, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : N/A
Land Size : N/A
Bedroom : 5
Bathroom : 5
Half Bathroom : 0
MLS#: N/A
Property Description
Rare opportunity to own a piece of Lorain history. The well-known Urban 19 Building presents an excellent investment opportunity with strong cash flow and room to grow. This beautifully maintained and updated brick property features four 1-bedroom, 1-bath apartments and one studio apartment, all tastefully updated and fully occupied. Four of the five units include newer heating systems, and residents enjoy wide, spacious hallways that add comfort and charm throughout the building. The property also offers a street-level storefront that is currently vacant, providing great potential for additional rental income or an ideal owner-operated business space. Current residential rents generate $3,450 per month, with upside available by leasing the commercial unit or adjusting rents. Major updates include a newer roof and six newer hot water heaters, ensuring long-term durability and peace of mind. Located near Black River Landing, Lake Erie, and Lorain's growing downtown waterfront events and recreation, this property is positioned in one of the city's most vibrant and revitalizing areas. The Urban 19 Building is a rare blend of character, updates, location, and income potential - don't miss your chance to own a piece of Lorain's history!
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1404 Long Avenue, Lorain OH 44052, United States,Ohio,Lorain is a Lorain luxury Multi-Family Home listed for sale USD 399,000. This high end Lorain Multi-Family Home is comprised of 5 bedrooms and 5 baths. Find more luxury properties in Lorain or search for luxury properties for sale in Lorain.