328 Day Drive, Lorain, OH 44052
- $99,500
- 3
- BD
- 1
- BA
- 981
- SqFt
- Sold Price
- $99,500
- List Price
- $100,000
- Status
- CLOSED
- Days on Market
- 32
- Closing Date
- Nov 04, 2024
- MLS#
- 5072563
- Subtype
- Residential
- Style
- Ranch
- Year Built
- 1949
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 981
- Acres
- 0.16
- MLS Area Major
- Lorain
Property Description
**Investment Opportunity in Lorain, Ohio** Unlock the potential of this charming three-bedroom ranch home located in the heart of Lorain. Currently occupied by a long-term month-to-month tenant paying $900 per month, this property offers immediate cash flow with room for growth. **Key Features:** - **Current Income:** $900/month from a long-term month-to-month tenant. - **Market Potential:** Rents for similar three-bedroom homes are averaging between $1,100 and $1,300, particularly in the Section 8 market. This is a fantastic chance to acquire a property with instant cash flow at an attractive price point. Whether you're a seasoned investor or new to real estate, this opportunity is not to be missed! **Act Now!** Contact us today to learn more and schedule a viewing. Your next investment awaits!
Additional Information
- Taxes
- $1,335
- Property Description
- Ranch
- Appliances
- Range, Refrigerator
- Heating
- Gas
- Air Conditioning
- Window Unit(s)
- Stories
- 1
- Levels
- One
- Roof
- Asphalt, Fiberglass
- Parking Features
- Garage
- Garage Spaces
- 1
- School District
- Lorain CSD - 4709
Listing Courtesy of: Gregory Erlanger, Info@EZSalesTeam.com With Keller Williams Citywide
Selling Office: North Bay Realty, LLC..Mortgage Calculator
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