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Multifamiliar (2-4 unidades)Número de MLS: #11367450
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 13,000 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! Prime Investment opportunity centrally located off the Lorain Business district of Broadway Avenue for this 1896 Romanesque Revival Church and appears eligible for listing on the National Register. Possible 8 rental apartments of condo units, plus storage in the lower level and workout room. Parking lot holds up to 100 vehicles. This property is ready to be finished into the 8 apartment units with several favorable financing packages available including a 15-year Tax abatement program through Lorain County. Ask about the Ohio Pace 1 loan Program for energy saving improvements in the remaining remodeling of the building. Being placed on the National Register would allow one to take advantage of the 20% Federal Historic Preservation Tax Credit (HPCA) Incentive Program for rehabilitation. Also, with the placement as a City of Lorain Landmark, there is up to 35% Ohio Historic Preservation Tax Credit (OHPTC) possibility. Rehabilitation of the Church has been underway.Características de la propiedad
Antigüedad: | Más de 50 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Otro |
Sistema de calefacción: | Radiante |
Área del lote: | 0.65 Acres |
Tipo de tejado: | Asfalto |
Habitaciones: | Subsuelo, Cocina |
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Escuela primaria
HAWTHORNE ELEMENTARY SCHOOL
0.3
MillasVer detalle
Escuela secundaria (ciclo básico)
GENERAL JOHNNIE WILSON MIDDLE SCHOOL
0.9
MillasVer detalle
Escuela secundaria (ciclo superior)
NEW BEGINNINGS
0.6
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LORAIN HIGH SCHOOL
1.2
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
Lorain Bilingual Preparatory Academy | 0.6 mi | Public | KG-7 | D+ |
Admiral King Elementary School | 0.7 mi | Public | PK-5 | D+ |
Washington Elementary School | 0.8 mi | Public | PK-5 | C- |
Garfield Elementary School | 1.0 mi | Public | PK-5 | C- |
Constellation Schools: Lorain Community Middle School | 1.0 mi | Public | 5-8 | C |
Constellation Schools: Lorain Community Elementary School | 1.0 mi | Public | KG-4 | D+ |
Summit Academy School - Lorain | 1.1 mi | Public | 6-12 | |
Horizon Science Academy Lorain | 1.3 mi | Public | KG-12 | C- |
Longfellow Middle School | 1.4 mi | Public | 6-8 | C |
St Peter School | 1.5 mi | Private | PK-8 | |
Frank Jacinto Elementary School | 1.5 mi | Public | PK-5 | D |
Stevan Dohanos Elementary School | 1.6 mi | Public | PK-5 | D |
Larkmoor Elementary School | 1.8 mi | Public | PK-5 | C+ |
Durling Middle School | 2.0 mi | Public | 5-8 | B- |
Toni Wofford Morrison Elementary School | 2.0 mi | Public | PK-5 | C- |
Clearview High School | 2.1 mi | Public | 9-12 | C- |