1813 Lexington Avenue, Lorain, OH 44052

$109,500
  • 1813 Lexington Avenue, Lorain, OH 44052 Main Photo

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New to the Market Active
BEDS7 BATHS2 full SQUARE FEET3,225 MLS#5210547
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLLorain City

Property Description

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

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 www.mcrealestateohio.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.17 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,138 / year
Year Built: 1900

Feature Descriptions

Exterior: Vinyl Siding
Fencing: Fenced, Partial
Laundry: Main Level, Upper Level
Parcel#: 02-01-003-154-005
Parking: No Garage, Paved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lorain City

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653

Shown By

Agency Title: M.C. Real Estate
Agency Phone: (330) 723-9911

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Estimated Payment

$ 370.47 per month $243.70 Principal & Interest $94.83 Property Tax $31.94 Homeowner's Insurance

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