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Listed By
Agency Name: Howard Hanna
Agency Contact: kylerecker@howardhanna.com, 567-230-2008
Shown By
Agent Name: Leslie Yoder
Agent Phone: (330) 418-3627
Agency Title: Cutler Real Estate
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Property Description
Incredible investment opportunity in Lorain! This five-unit income property with an additional office space is fully occupied except for the office, generating over $4,200 per month with room to grow. The building features three 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, offering a great mix for steady rental demand. The office space includes its own bathroom and provides endless potential. Rent it out for additional income or transform it into a salon, beauty parlor, or small business suite. The property offers a solid brick exterior, plenty of off-street parking for tenants and guests, and a prime location near downtown Lorain, Lakeview Park, shopping, and highways. Don't wait to add this turnkey multi-unit property to your portfolio.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Days on Market: 109
Heating: Forced Air, Gas
Lot Size: 0.15 Acres
Roof Type: Asphalt, Rubber
Stories: 2.0
Taxes: $7,618 / year
Year Built: 1900
Feature Descriptions
Exterior: Brick
Parcel#: 02-01-006-138-037
Parking: Off Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Lorain City
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Estimated Payment
$ 2,434.77 per month $1,702.26 Principal & Interest $634.83 Property Tax $97.68 Homeowner's InsuranceChange Payment Information
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1850 Washington Avenue | MLS# 5166306
This multi-family property located at 1850 Washington Avenue, Lorain, OH 44052 is currently listed for sale with an asking price of $334,900. Washington Avenue is located within the Lorain City school district. Search Lorain real estate on lyoder.cutlerhomes.com today.