2833 Seneca Avenue, Lorain, OH 44055

Located at 2833 Seneca Ave, this well-maintained 15-unit multifamily property presents an exceptional investment opportunity in a strong rental market. Comprised entirely of studio apartments, the asset offers stable in-place income with straightforward management and consistent tenant demand.

The property is currently generating approximately $10,500 per month in gross rental income, with units averaging $700 per month. The building has been maintained in good condition, minimizing immediate capital expenditure needs and providing investors with a turnkey opportunity.

With professional management expenses estimated at just 10%, the property offers attractive operational efficiency and strong cash flow potential. This asset is ideal for investors seeking dependable income, long-term appreciation, and a scalable addition to their multifamily portfolio.