Fairview Park, OH 44126,19860 Lorain RD
Fairview Park, OH 44126,19860 Lorain RD
Fairview Park, OH 44126,19860 Lorain RD
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$749,900
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0.3 Acres Lot
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19860 Lorain RD Fairview Park, OH 44126

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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


Listed by George Mastrosavas • Howard Hanna • georgemastrosavas@howardhanna.com, 440-263-7501

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agent

Tony Parra

Agent | License ID: 2015001967

+1(440) 491-4362

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19860 Lorain RD