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"Well maintained Great Investment!"
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Keller Williams Realty Greater Cleveland
Robert J. Zimmer |
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| robert zimmer |
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Email robert |
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Phone: |
216-839-5500 |
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Cell: |
216-406-5729 |
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Fax: |
216-453-2078 |
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Address:
1546 Fillmore
Type: Residential
Style:
Lot Type: Rectangular
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Highview Park Town Homes is a unique offering of 20 duplexes all adjacent to each other in an open green subdivision of Lorain Ohio. It offers an Investor a stable property with dramatic upside. With assumable financing available at approximately 6.5% and a 20 year term, cash flows at this property can be dramatic. Its 40 units feature a great mix of 2 and 3 bedrooms. All units feature 11/2 baths.
Built in 1979, these units were constructed with ease of ownership in mind. They are all 2 stories on slab construction and have electric baseboard heat. The slab construction eliminates worries of wet basements and the baseboard heat means that there are no moving parts in the heating system to maintain.
Tenants are drawn to these units for their: large overall size, spacious bedrooms, large closets,1 full and 1 half bath, ample parking , lots of open grassy areas and the ease and efficiency of electric heat. All of these features make the units stand out against other rental units in the area. Tenants also appreciate the location with its proximity to manufacturing and health care jobs, shopping and the beautiful riverfront and Lake Erie frontage that the city of Lorain offers.
Tenants at Highland Park come from a variety of backgrounds. Many work in heavy manufacturing, some work in assembly, others in heath care and others at a local call center that has hired 300 new employees in the last year and has plans for another 800 jobs. There are currently 8 tenant who receive government subsidies for their rent.
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Priced For Quick Sale
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Assumable First Mortgage.
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Owner will carry second mortgage.
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Large 2 and 3 bedroom units all featuring 1 ½ baths.
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Ample, off-street parking .
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Large green spaces
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Long term tenants.
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Close to large job centers.Close (less than 1 mil)e to Lake Erie.
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Close (less than 1 mile) to potential new casino location.
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Interior Features
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View
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Exterior Finish
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▪ Aluminum
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▪ Brick
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▪ Vinyl
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Appliances
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▪ Garbage Disposal
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▪ Refrigerator
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▪ Stove
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▪ Washer/Dryer Hookup
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Roof
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Heating
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