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954 N Central Drive

Lorain, OH 44052
  • $250,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 5235547
$250,000
  • 8
    BEDS
  • 0.28
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,624
    SQFT
  • $69
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1943
County:
Area:

School Ratings & Info

School District:

Description

Fantastic investment opportunity in Lorain! This side-by-side quad features four 2-bedroom, 1-bathroom units, each with convenient in-unit laundry. Three of the four units are currently rented and professionally managed, providing immediate rental income and an established rental history. The fourth unit is currently vacant and offers an investor the opportunity to complete the renovation and bring it to market-ready condition. With three income-producing units already in place and significant upside in finishing the fourth, this property presents a great opportunity for investors looking to add value, increase rents, and maximize future cash flow. Bring your vision and take advantage of the potential this four-unit property offers!

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www.clevelandhomefinder.com/homes/180081272
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954 N Central Drive Lorain, OH 44052

  • Price: $250,000
  • Status: Active
  • On Site: 31 Days
  • MLS #: 5235547
8
Beds
4
Baths
0
½ Baths
0.28
Acres
3,624
SQFT
$69
$/SQFT
1943
Built
Neighborhood:
Central Park Homes
County:
Lorain
Area:
Lorain
School District:
Lorain Csd - 4709
Property Description
Fantastic investment opportunity in Lorain! This side-by-side quad features four 2-bedroom, 1-bathroom units, each with convenient in-unit laundry. Three of the four units are currently rented and professionally managed, providing immediate rental income and an established rental history. The fourth unit is currently vacant and offers an investor the opportunity to complete the renovation and bring it to market-ready condition. With three income-producing units already in place and significant upside in finishing the fourth, this property presents a great opportunity for investors looking to add value, increase rents, and maximize future cash flow. Bring your vision and take advantage of the potential this four-unit property offers!
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Aluminum Siding Garage YN No Levels Two Parking Features Outside Paved Roof Asphalt Fiberglass Waterfront YN No

Interior Features

Basement None Basement YN No Cooling None Cooling YN No Heating Forced Air Gas Heating YN Yes Laundry Features In Unit Main Level Bathrooms 0

Property Features

Above Grade Finished Area 3624 Home Warranty YN No Owner Pays Sewer Trash Collection Water Property Sub Type Quadruplex Sewer Private Sewer Special Listing Conditions Standard Tax Annual Amount 3086 Tenant Pays Cable TV Electricity Gas Township Lorain Water Source Public

 
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Howard Hanna
8396 Mentor Ave.
Mentor OH, 44060