1756 Oakdale Avenue
Lorain, OH 44052

Calling all savvy investors looking for a serious value-add deal! This portfolio of (27) units consists of (21) single family homes and (3) duplexes. The properties are being sold as is, in need of rehab, but ripe for a value-add investor to buy, rehab, rent, refi and roll, or stabilize and sell. Properties will all need some level of renovation (see pics) consisting of cosmetic and some larger ticket items. But, at a per door price of $48,148 it gives a buyer plenty of room to add value, while maintaining a low cost basis. Once this portfolio is occupied and cash flowing, a savvy investor will casually bring in over $350,000+ annually in rental income given Lorain's strong rents via market rate tenants or through LMHA (Lorain Metropolitan Housing Authority) voucher holding tenants. Please reach out or see supplements for Offering Memorandum and total list of addresses and parcel #'s.