Turnkey Multifamily Income
2914-2916 Seneca Ave Lorain, OH 44055
For Sale
Contact for pricing
Six separately metered rental units are offered with multiple units rent ready and recent renovations and system improvements.
Days on Market93
Property Features for 2914-2916 Seneca Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Progressive Urban Real Estate
Listed By:
Oliver Moreau · License #2023002245
Source:
Crexi
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 23 at 6:24AM
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 Progressive Urban Real Estate
Investment Insights
Based on property information with market context.
This turnkey multifamily property includes a 5-unit multifamily building and a stand-alone efficiency unit, combined onto one parcel for simplified ownership and management. The unit mix includes one- and two-bedroom layouts, with select one-bedroom units offering additional bonus space. Four of the six units are rent ready, and two units are currently occupied.
All units are separately metered for gas and electric, with tenants paying their own utilities. The property has a basement with furnaces, water heaters, and sump pumps. Recent renovations and improvements total more than $70,000 and include updates to unit interiors and major building systems.
An unused garage space is also included and may support storage or other future value-add use. The current configuration provides an income-producing rental portfolio with separately managed utility billing.
All units are separately metered for gas and electric, with tenants paying their own utilities. The property has a basement with furnaces, water heaters, and sump pumps. Recent renovations and improvements total more than $70,000 and include updates to unit interiors and major building systems.
An unused garage space is also included and may support storage or other future value-add use. The current configuration provides an income-producing rental portfolio with separately managed utility billing.
Key Highlights
- Six total rental units: five‑unit multifamily building plus a stand‑alone efficiency unit, now combined onto one parcel
- 4 of 6 units are rent ready; 2 currently occupied at $725 and $925 per month
- Over $70,000 in recent renovations and improvements, including unit interior updates and major building system upgrades
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six separately metered rental units are offered with multiple units rent ready and recent renovations and system improvements.
Where is this apartment building located?
The property is located at 2914-2916 Seneca Ave Lorain, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Six total rental units: five‑unit multifamily building plus a stand‑alone efficiency unit, now combined onto one parcel; 4 of 6 units are rent ready; 2 currently occupied at $725 and $925 per month; Over $70,000 in recent renovations and improvements, including unit interior updates and major building system upgrades
