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Offering Summary

  • Sales Price: $925,000
  • Address: 5510 Beavercrest Drive
  • City, State, Zip: Lorain, OH, 44053
  • Units: 10
  • Year Built: 1968
  • Average Unit Size: +/- 1,025
  • Average In-Place Rent (/SF): $1,000 ($0.98/SF)
  • Occupancy: 100%

• Owned and self-managed by local family

• All two- and three-bedroom townhomes with in-suite laundry

• 60% of units have been renovated and achieve premiums in excess of $325 over unrenovated units

• Directly adjacent to Mercy Health Lorain Hospital (338 beds; 1,000+ employees)
• Across the street from FoxCreek Golf and Racquet Club

• 1 Mile from Beaver Park North Marina featuring 190 boat slips

• Within 2.5 miles of Walmart Supercenter, Home Depot, Lowe’s, Meijer, Aldi, and two Targets

• Part of the Amherst School District (rated a B+ and ranks in top 20% in the state)

Team

Michael Barron

Executive Managing Director
Marcus & Millichap

Daniel Burkons

Executive Managing Director
Marcus & Millichap

Joshua Wintermute

Executive Director
Marcus & Millichap

Charles Gagliano

Senior Managing Director
Marcus & Millichap

William Koontz

Senior Director
Marcus & Millichap

Luke Hadley

Associate Investments
Marcus & Millichap

Mitchell Coon

Associate Investments
Marcus & Millichap