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About This Home
This 7-bedroom, 2-bathroom residential multi family at 1813 Lexington Avenue in Lorain, OH is listed for $109,500 ($34 per sqft). Built in 1900, the home offers 3,225 sqft of living space on a 0.17 acres lot.
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
Key Features
- Built in 1900
- 0.17 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$586/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1813 Lexington Avenue
Lorain, OH 44052
Property Details
Construction
Parking
Heating
Questions & Answers
This 7-bedroom, 2-bathroom residential multi family at 1813 Lexington Avenue is listed at $109,500 ($34/sqft). The estimated monthly payment is $475 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.17 acre lot, 2 stories.
This property is listed by Christopher A Frederick and can be reached at 2162107653 or thefrederickteam@gmail.com.
