1813 Lexington Avenue

Lorain, OH 44052

About this property

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

About this property

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

Features and Additional Information

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$94,500 Contingent
7 Bed(s)
2
Baths
3,225 sqft

Presented By No name, HFR Home Finance Resource Certification,PSA NAR Realtor Pricing Strategy Advisor,RENE Real Estate Negotiation Expert,SFR Short Sales and Foreclosures Resource,SRS Seller Representative Specialist,Candidate - GRI Graduate Realtor Institute

Get in touch today! Phone: 1-614-739-9787
Brokerage
Coldwell Banker Schmidt Realty
1-440-327-2123
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Area Information

| Lorain County |

$ 94,500
This listing is play_arrow 44.4% lower than the average in the area
$ 170,000 in the area
3,225 SqFt
This listing is play_arrow 3.7% smaller than the average in the area
3,350 SqFt in the area
$ 29 $/SqFt
This listing is play_arrow 42.3% less than the average in the area
$ 51 $/SqFt in the area
149 days on site
This listing is play_arrow 31.9% above the average in the area
113 days on site in the area

Schools in the Area

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Listed By Christopher A Frederick
Brokerage: Coldwell Banker Schmidt Realty

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