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1548 Reid Avenue

Lorain, OH 44052
  • $779,900
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 5047089
UPDATED: 112 min ago
$779,900
  • 4
    BEDS
  • 0.65
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 20,250
    SQFT
  • $39
    $/SQFT
Type:
Multi-Family
Built:
1895
County:
Area:

School Ratings & Info

School District:

Description

Endless Income Possibilities exist for this Historical Church Right off Broadway's commercial district on almost 3/4's of an acre. Owner has started construction for conversion of 4 to 8 apartments utilizing over 19,000 square feet of space on three levels with 4 apartments on the first level alone. The large parking lot has space for over 100 vehicles of parking or possible additional income from rental space for boats, RV's, jet skis, etc. The lower level offers a large area for storage for each apartment, and a possible gym and workout room. The property can still be customized for finishing as apartments and or office/apartments. Owner will assist in submitting final plans to the City for approval of one's customized plans for use. Bring your own contractor and architect if you wish and work with the owner to receive City approvals. Historical tax credits, tax abatements and a low interest loan are available for this project!

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www.clevelandhomefinder.com/homes/151759708
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1548 Reid Avenue Lorain, OH 44052

  • Price: $779,900
  • Status: Active
  • On Site: 36 Days
  • Updated: 112 min ago
  • MLS #: 5047089
4
Beds
4
Baths
0
½ Baths
0.65
Acres
20,250
SQFT
$39
$/SQFT
1895
Built
County:
Lorain
Area:
Lorain
School District:
Lorain Csd - 4709
Property Description
Endless Income Possibilities exist for this Historical Church Right off Broadway's commercial district on almost 3/4's of an acre. Owner has started construction for conversion of 4 to 8 apartments utilizing over 19,000 square feet of space on three levels with 4 apartments on the first level alone. The large parking lot has space for over 100 vehicles of parking or possible additional income from rental space for boats, RV's, jet skis, etc. The lower level offers a large area for storage for each apartment, and a possible gym and workout room. The property can still be customized for finishing as apartments and or office/apartments. Owner will assist in submitting final plans to the City for approval of one's customized plans for use. Bring your own contractor and architect if you wish and work with the owner to receive City approvals. Historical tax credits, tax abatements and a low interest loan are available for this project!
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Asphalt Brick Concrete Stone Garage YN No Levels Two Lot Features Cleared Corner Lot City Lot Parking Features Parking Lot Roof Asphalt Fiberglass Waterfront YN No

Interior Features

Basement Daylight Exterior Entry Full Finished Concrete Storage Space Walk Out Access Basement YN Yes Below Grade Finished Area 6750 Cooling Gas Cooling YN Yes Heating Gas Hot Water Radiators Steam Heating YN Yes Main Level Bathrooms 0

Property Features

Above Grade Finished Area 13500 Direction Faces East Home Warranty YN No Listing Terms Cash Conventional Item1031 Exchange Property Sub Type Quadruplex Sewer Public Sewer Tax Annual Amount 4484 Township Lorain Water Source Public

 
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Howard Hanna
8396 Mentor Ave.
Mentor OH, 44060