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About This Home
This 3-bedroom, 1-bathroom single family at 4217 Riverside Drive in Lorain, OH is listed for $133,500 ($130 per sqft). Built in 1956, the home offers 1,024 sqft of living space on a 0.15 acres lot.
Add a cash-flowing asset to your portfolio with this occupied 3-bedroom, 1-bath ranch in Lorain. The property is currently rented for $1,355 per month with a long-term tenant in place and a lease secured through October 2027, providing immediate and reliable rental income.
The home features a functional layout with a spacious living room and eat-in kitchen. Outside, a patio overlooks the large backyard, offering added appeal for tenants. Conveniently located near Helen Steiner Rice Elementary School and just minutes from Homewood Park, Days Dam Waterfall, and the Black River Reservation, the property offers easy access to outdoor recreation, walking trails, and green space.
Nearby shopping, dining, and major roadways further enhance its desirability for tenants. Whether you're looking to expand your rental portfolio or acquire a property with established income, this investment opportunity offers stable cash flow and long-term income potential.
Key Features
- Built in 1956
- 0.15 acre lot
Property Details
Amenities
Monthly Cost Estimate
$714/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4217 Riverside Drive
Lorain, OH 44055
Homewood
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 1-bathroom single family at 4217 Riverside Drive is listed at $133,500 ($130/sqft). The estimated monthly payment is $579 based on 20% down at 6.5% interest.
Key features include: Built in 1956, 0.15 acre lot.
This property is listed by Rakesh Baniya and can be reached at 4409017145 or rbaniya@clevelandpropertymanagement.com.
