About This Home
This 4-bedroom, 2-bathroom multi-family at 1101 W 5th Street in Lorain, OH is listed for $159,900 ($77 per sqft). Built in 1950, the home offers 2,066 sqft of living space on a 0.13 acres lot.
Key Features
- Built in 1950
- 0.13 acre lot
- 2 stories
Property Details
Amenities
Great investment opportunity in Lorain! This turnkey side-by-side 2-story duplex offers over 2,000 square feet of living space, with each unit featuring 2 bedrooms and 1 full bath. Each side has its own separate gas and electric meter, furnace, water heater, basement, and private driveway for parking, while the owner pays the water and trash.
Situated on a nice-sized corner lot, this property offers a low-maintenance setup that makes it easy to keep existing tenants or begin building your investment portfolio. Located within walking distance of Lakeview Park, Lakeview Beach, and Admiral King Elementary, the location adds even more appeal for tenants. Whether you're an experienced investor or a buyer looking to live in one unit while generating rental income from the other, this property offers plenty of opportunity and flexibility!
Monthly Cost Estimate
$855/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1101 W 5th Street
Lorain, OH 44052
Downtown Lorain
Features & Amenities
Interior Features
Property Details
Construction
Views
Parking
Heating
Cooling
Questions & Answers
This 4-bedroom, 2-bathroom multi-family at 1101 W 5th Street is listed at $159,900 ($77/sqft). The estimated monthly payment is $856 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 0.13 acre lot, 2 stories. Interior Features: CeilingFans, EatInKitchen.
This property is listed by Steven Lawson and can be reached at 4403209888.