421 17Th StLorain, OH 44052

This exceptional investment opportunity presents a portfolio of eleven single-family homes located in desirable Lorain, Ohio neighborhoods. Built between 2006 and 2007, these properties boast a 100% occupancy rate, generating a substantial net operating income of approximately $71,500 annually. The portfolio benefits from contracts with the Ohio Housing Finance Agency, ensuring stable, affordable housing and permitting annual rent increases. The Lorain County tax value exceeds $1,352,000, significantly exceeding the asking price of $1,177,000, representing a compelling 6.07% cap rate. Each unit commands a price of $117,700. Conveniently situated near excellent schools, public transportation, shopping centers, banking institutions, healthcare facilities, and recreational amenities, this portfolio offers exceptional value and strong potential for future growth. The properties are strategically located near major transportation arteries, including the Ohio Turnpike, SR 2, and I-90, providing easy access to Cleveland (30 minutes) and Toledo (45 minutes). Lorain itself is experiencing a revitalization, with ongoing new developments and public space improvements. The portfolio's eleven properties are identified by the following APNs: 0201003145001, 0201003154012, 0201003127019, 0201003154013, 0201003129007, 0201003145024, 0201003136001, 0201003136002, 0201003145001, 0202016106030, 0201003147007, and 0202025116018. A comprehensive offering memorandum is available.