About This Home
This 5-bedroom, 2-bathroom multi-family at 2514 Reid Avenue in Lorain, OH is listed for $169,000 ($87 per sqft). Built in 1900, the home offers 1,952 sqft of living space on a 0.14 acres lot.
Key Features
- Built in 1900
- 0.14 acre lot
- 2 stories
Property Details
ATTENTION INVESTORS AND ENTREPRENEURS!!! Located in the heart of Lorain, this spacious duplex at 2514 Reid Ave. offers an excellent investment opportunity with nearly 2,000 square feet of living space and reliable rental income! Both units are currently occupied, generating just under $2,000 per month in gross income.
The lower unit features 3 bedrooms, 1 full bath, a spacious living room, dining room, and full kitchen, while the upper unit offers 2 bedrooms, 1 full bath, a living room, dining room, and full kitchen. A full, dry basement provides two separate laundry areas along with abundant storage space for tenants.
Additional investor-friendly features include separate gas and electric meters, with the owner currently paying water, sewer, and trash. Outside, you'll find a fenced backyard, adding even more appeal for tenants. Whether you're looking to expand your rental portfolio or make your first investment purchase, this income-producing property is one you won't want to miss. Call today for more information! *Showings allowed after accepted offer. Please do not disturb the tenants.
Monthly Cost Estimate
$904/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2514 Reid Avenue
Lorain, OH 44052
Features & Amenities
Exterior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 5-bedroom, 2-bathroom multi-family at 2514 Reid Avenue is listed at $169,000 ($87/sqft). The estimated monthly payment is $904 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.14 acre lot, 2 stories. Exterior Features: PrivateYard.
This property is listed by Steven Lawson and can be reached at 4403209888.