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For Sale | Multifamily Investment Property Active

4828 Lorain Avenue

4828 Lorain Avenue
Cleveland, OH 44102
United States
Inquire About This Property
Building Size:
7,570 SF
Lot Size:
.12 Acres
Construction Status:
Existing
Year Built:
1920
  • 100% occupied mixed-use investment opportunity.
  • First floor retail under a 5-year lease with liquor license in place.
  • Units rehab completed in 2022, with new in-suite HVAC units, granite counter tops, tiled bathrooms and new stainless steel appliances.
  • Mechanical, electrical and plumbing building systems are all new.
  • Capital improvements include new windows throughout and roof replaced within the past 10 years.
  • Shared laundry facilities in lower level. 15-year property tax abatement in place.
  • Local developer has announced two new construction projects directly to the east and west of the site.
  • Covered patio area and private fenced backyard for apartment residents.
  • After-hours parking available across the street at Urban Community School.

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