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(2) Brick Mixed-Use Buildings

Thursday, August 18, 2022 - 12:30 PM   -   Real Estate Sells at: 12:30 PM
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(2) Brick Mixed-Use Buildings
20-Plus Income Units
Residential & Commercial
On-Site & Online Bidding Available
Absolute auction, all sells to the highest bidder(s).
4370 & 4380 Oberlin Ave., Lorain, OH 44053


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OPEN HOUSE AUCTION DAY AT 11:00 AM

REAL ESTATE: Each brick building built in 1967 contains (10) 1-bedroom efficiency apartments on the upper floor and 6-10 mixed-use office/retail/business units on the main floor. Each unit has its own natural gas boiler and electric air conditioner. Newer domestic hot water heaters. Plenty of private on-site parking. Public sewer and water service, boiler heat. Currently there are 6 residential units rented for 600.00 per month, a copy of the leases will be available the day of sale. Units will be open the day of the sale for a preview. There is an ingress and egress easement to the northern unit. The buildings will be sold separately and then together, which ever brings the most. All together there are currently 30-35 possible income producing units.
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Real Estate Terms
15% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed. Property to be offered as a Multi Par auction and sold whichever way it brings the most. Security deposits do not transfer. No rent prorations.
Auction Order Of
Buckeye Community Bank
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Auction Team
Bob Young
Bob Young,
Auctioneer/Realtor
330-453-9187 ext 132
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