Studio Apartment Multifamily
2833 Seneca Avenue Lorain, OH 44055
2833 Seneca Avenue, Lorain, OH, 44055
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For Sale
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Well-maintained 15-unit multifamily building with studios, generating gross rental income of about $10,500 per month.
Days on Market65
Property Features for 2833 Seneca Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agency
Budget Real Estate NYC INC
(347) 517-8828
Listed by
Inbal Levy · License #NY 10311208049
Source
Crexi
Added: May 18 Updated: Jul 20 at 5:21PM Checked: Jul 20 at 5:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Budget Real Estate NYC INC
Investment Insights
Based on property information with market context.
Located at 2833 Seneca Avenue, this well-maintained 15-unit multifamily property is comprised entirely of studio apartments. The building is described as being in good condition, aimed at minimizing immediate capital expenditure needs.
The property is currently generating approximately $10,500 per month in gross rental income, with units averaging about $700 per month. Professional management expenses are estimated at 10%, supporting straightforward operational efficiency.
For investors seeking a dependable, income-focused residential asset with in-place rental demand, this turnkey studio portfolio offers a simple unit mix and consistent management approach.
The property is currently generating approximately $10,500 per month in gross rental income, with units averaging about $700 per month. Professional management expenses are estimated at 10%, supporting straightforward operational efficiency.
For investors seeking a dependable, income-focused residential asset with in-place rental demand, this turnkey studio portfolio offers a simple unit mix and consistent management approach.
Key Highlights
- 15‑unit multifamily building at 2833 Seneca Ave
- All units are studio apartments
- Approximately $10,500/month gross rental income; units average about $700/month
Property Analytics
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FAQs
What type of property is this?
Apartment building - Well-maintained 15-unit multifamily building with studios, generating gross rental income of about $10,500 per month.
Where is this apartment building located?
The property is located at 2833 Seneca Avenue Lorain, OH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 15‑unit multifamily building at 2833 Seneca Ave; All units are studio apartments; Approximately $10,500/month gross rental income; units average about $700/month
