Golf Crest Manor — Sale in Lorain, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Lorain, OH 44053

Photos

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Investment Figures

Cap rate
6.41%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap presents Golf Crest Manor, 10 townhome units in Lorain, Ohio. Investment Highlights: • Owned and Self-Managed by Local Family • All Two- and Three-Bedroom Townhomes with In-Suite Laundry • 60 Percent of Units have been Renovated and Achieve Premiums in Excess of $325 Over Unrenovated Units • Additional Upside through Utility Billback or Submetering • Directly Adjacent to Mercy Health Lorain Hospital (338 beds; Over 1,000 employees) and Across the Street from FoxCreek Golf and Racquet Club • Part of the Amherst School District (rated a B Plus and ranks in top 20 Percent in the State)

Market Context

This multifamily in Lorain, OH is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Lorain, OH — view the full market.

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