1404 Long Ave Lorain, OH 44052
Well-maintained property with residential units and commercial space.
Lot size:
0.07 AcresProperty Features for 1404 Long Ave
General Information
- Lot size
- 0.07 Acres
- Exterior features
- exterior_features, : ["See Remarks"]
- Interior features
- Interior Feature 1, : "Baseboard", "Interior Feature 2": "Electric", "Interior Feature 3": "Forced Air", "Interior Feature 4": "Gas"
Building Details
- Year built
- 1900
Source: Berkshire Hathaway HomeServices Lucien Realty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Updated Lorain Building with Storefront
This updated brick property, known as the Urban 19 Building, offers an investment opportunity with potential for cash flow. It features four 1-bedroom, 1-bath apartments and one studio apartment, all updated and fully occupied. Four of the five units include newer heating systems. The property includes wide, spacious hallways. A street-level storefront is currently vacant, presenting potential for additional rental income or an owner-operated business space. Current residential rents generate $3,450 per month, with upside available by leasing the commercial unit or adjusting rents. Updates include a newer roof and six newer hot water heaters. The property is located near Black River Landing, Lake Erie, and Lorain’s growing downtown waterfront events and recreation, in one of the city’s revitalizing areas.
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1751
- Latitude
- 41.4557384
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FAQs
What type of property is this?
Quadplex - Well-maintained property with residential units and commercial space.
Where is this quadplex located?
The property is located at 1404 Long Ave Lorain, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: - Strong cash flow from 5 fully occupied residential units generating $3,450/month.; - Prime location near Black River Landing, Lake Erie, and Lorain's revitalizing downtown waterfront.; - Vacant street-level storefront offers potential for additional rental income or owner-operated business.