19860 Lorain RD new Save Request In-Person Tour Request Virtual Tour
Fairview Park,OH 44126
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5147868
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1952
Annual Tax Amount $12,588
Tax Year 2024
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Apartment
Property Description
Prime investment opportunity in Fairview Park - This 6-Unit Apartment Building is Nestled in the highly sought-after suburb of Fairview Park. This well maintained 6-unit apartment building offers a rare investment opportunity in a thriving rental market. Boasting garage parking for all units plus additional guest parking, the property ensures convenience for tenants while offering easy access to major highways. Over the last years, the building has undergone extensive updates, making it nearly maintenance-free. Improvements include: NEW Building Roof (2020), NEW Garage Roof (2025), two renovated units featuring new carpet, fresh paint throughout with one updated electrical panel (2025), NEW parking lot drain, new furnaces and new water heaters. The all BRICK building is situated just minutes from scenic parks, shopping, fine dining, vibrant nightlife, nearby beach, the location offers the perfect balance of suburban charm and city convenience. Downtown Cleveland is a quick drive, making it ideal for commuters. With long-term tenants in place and below market rents, this property presents strong upside potential for increased cash flow. DO NOT miss this turn-key investment in one of Northeast Ohio's premier communities!
Location
State OH
County Cuyahoga
Rooms
Basement Apartment,Common Basement,Full,Interior Entry,Concrete,Partially Finished,Storage Space,Walk-Up Access,Walk-Out Access
Interior
Heating Forced Air,Gas
Cooling Attic Fan,Central Air,Ceiling Fan(s),Window Unit(s),Wall Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Additional Parking,Assigned,Concrete,Detached,Garage,Off Street,On Street
Fence Back Yard
Amenities Available Bike Storage
Water Access Desc Public
Roof Type Asphalt,Composition,Flat,Pitched,Shingle
Present Use Residential,Single Family
Total Parking Spaces 7
Garage true
Building
Entry Level Two
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Fairview Park Csd - 1814
Others
Tax ID 323-14-001
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard