Unique 2-family investment opportunity offering exceptional income potential/Also perfect for owner occupied use! Spacious vinyl-sided duplex features a total of 7 bedrooms/2 full baths w/flexible layout consisting of 3-bedroom, 1-bath main floor unit plus 4-bedroom, 1-bath second-floor unit. Situated on quiet street w/2 separate driveways, partially fenced yard & separate entrances for each unit, includes welcoming porch for one of the units. Property will be delivered vacant at closing, making it ideal for owner occupancy or for investors looking to maximize rental income. Second-floor unit complete & owner-occupied, while main-floor unit requires some finishing work, allowing the new owner to add value/build equity. Laundry has been conveniently added to each floor. Property appears to feature 2 furnaces, separate gas service & 2 updated electrical boxes, w/one hot water tank currently servicing the property. Affordably priced to allow for completion of remaining improvements while creating strong cash flow potential. High bedroom count makes this a desirable rental opportunity with excellent income possibilities for traditional or Section 8 tenants. Perfect addition to a growing portfolio or ideal for an owner-occupant looking to offset living expenses with rental income. Being sold as-is. Cash, hard money or DSCR financing only. Investment-friendly city with strong rental demand and excellent
Listed By
Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653
Shown By
Agent Name: Brooke Jones Paulino, Realtor
Agent Phone: (419) 704-9195 Cell
Agency Title: M.C. Real Estate
Estimated Payment
$ 370.47 per month $243.70 Principal & Interest $94.83 Property Tax $31.94 Homeowner's Insurance
1813 Lexington Avenue | MLS# 5210547
This multi-family property located at 1813 Lexington Avenue, Lorain, OH 44052 is currently listed for sale with an asking price of $109,500. Lexington Avenue is located within the Lorain City school district. Search Lorain real estate on brookejones.mcrealestateohio.com today.