25735 Lorain Rd, North Olmsted OH 44070 Photo 1 25735 Lorain Rd, North Olmsted OH 44070 Photo 2 25735 Lorain Rd, North Olmsted OH 44070 Photo 3 25735 Lorain Rd, North Olmsted OH 44070 Photo 4 25735 Lorain Rd, North Olmsted OH 44070 Photo 5 25735 Lorain Rd, North Olmsted OH 44070 Photo 6 25735 Lorain Rd, North Olmsted OH 44070 Photo 7 25735 Lorain Rd, North Olmsted OH 44070 Photo 8 25735 Lorain Rd, North Olmsted OH 44070 Photo 9 25735 Lorain Rd, North Olmsted OH 44070 Photo 10 25735 Lorain Rd, North Olmsted OH 44070 Photo 11 25735 Lorain Rd, North Olmsted OH 44070 Photo 12 25735 Lorain Rd, North Olmsted OH 44070 Photo 13 25735 Lorain Rd, North Olmsted OH 44070 Photo 14 25735 Lorain Rd, North Olmsted OH 44070 Photo 15 25735 Lorain Rd, North Olmsted OH 44070 Photo 16 25735 Lorain Rd, North Olmsted OH 44070 Photo 17 25735 Lorain Rd, North Olmsted OH 44070 Photo 18 25735 Lorain Rd, North Olmsted OH 44070 Photo 19 25735 Lorain Rd, North Olmsted OH 44070 Photo 20 25735 Lorain Rd, North Olmsted OH 44070 Photo 21 25735 Lorain Rd, North Olmsted OH 44070 Photo 22 25735 Lorain Rd, North Olmsted OH 44070 Photo 23 25735 Lorain Rd, North Olmsted OH 44070 Photo 24 25735 Lorain Rd, North Olmsted OH 44070 Photo 25 25735 Lorain Rd, North Olmsted OH 44070 Photo 26 25735 Lorain Rd, North Olmsted OH 44070 Photo 27 25735 Lorain Rd, North Olmsted OH 44070 Photo 28 25735 Lorain Rd, North Olmsted OH 44070 Photo 29 25735 Lorain Rd, North Olmsted OH 44070 Photo 30 25735 Lorain Rd, North Olmsted OH 44070 Photo 31

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25735 Lorain Rd - Portfolio Sale - 3 apartments Incredible opportunity to own/manage three apartments. Located just minutes from I-71, Great Northern Mall & public transportation. Apartment 206: 1 Bedroom Unit, Rent $550 a month, 616 sq. ft. Taxes $437 a year, Maintenance $257.31 a month. Has a 7 x10 Kitchen has white cabinets, Formica counter, vinyl flooring, gas stove, refrigerator. 21' x 12' Living Room/Dining Room has carpeting. 12' x 13'9" Bedroom has carpeting & dual closets. Apartment 322: 2 Bedroom Unit, Rent $600 a month, 792 sq. ft. Taxes 914 a year, Maintenance $314.29 a month. Has 8' x 8' Kitchen with oak cabinets, gas stove, refrigerator, vinyl flooring & walk-in pantry. 13' 6" Living Room has parquet flooring. 13' x 8' Dining Room 13' 10" Master Bedroom and Bedroom 2 have parquet flooring. Apartment 505: 1 Bedroom Unit, Rent $535 a month 616 sq. ft. Taxes $557 a year, Maintenance $273.88 a month. Has a 5'6" x 7' 6" Kitchen with vinyl flooring. 12' x 8' Dining Room has laminate flooring. Living Room 15' 6" x 14' 4" with laminate flooring. Bedroom 15' x 9' 8" has laminate flooring. Tile bathroom. Clean, well managed complex with laundry facility and locker on each floor. All units are in excellent condition. Rentals are "month to month." Currently each party can give 30 days notice. Under current rental leases, properties generate approximately $5,000 a year.

Listing information

  • MLS® ID: 3831586
  • Status: Sale Pending
  • New Construction: No
  • County: Cuyahoga
  • Style: Commercial
  • Stories: 0
  • Foreclosure: No
  • Year Built: 1965
  • Parking Type Description: On Site 0 cars
  • Estimated Annual Taxes: $1,907

Features

Assessments Y/N No
Available Financing Cash, Conventional
Basement Detail None
Cooling Type Central Air
Elevator Y/N Yes
Freight Amenities Elevators
Heating Fuel Gas
Heating Type Forced Air
Homestead Exemption Y/N No
Location Suburban
Other Current Use - Residential Condo, Residential SF - 792
Owner Pays Gas, Sewer, Trash Collection, Water
Possession Time of Transfer
Property Subtype Other
Roof Asphalt/Fiberglass
Tenant Pays Cable/Electric Link
Water Sewer Public Sewer, Public Water
Listing Courtesy of Howard Hanna