1222 W 5th Street, Lorain, OH 44052
- $93,000
- 4
- BD
- 2
- BA
- 3,378
- SqFt
- Sold Price
- $93,000
- List Price
- $95,000
- Status
- CLOSED
- Days on Market
- 37
- Closing Date
- May 01, 2025
- MLS#
- 5110032
- Subtype
- Residential Income
- Year Built
- 1900
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 3,378
- Acres
- 0.22
- MLS Area Major
- Lorain
Property Description
Nice opportunity awaits the investor looking to put their mark on this property. Tenant upstairs is MTM with rent at $800 and pays electric and gas. Down unit vacant at present as tenant bought a house. Even flowing floorplan with ample size on first floor. Some updates/rehab needed but mostly cosmetic and some plumbing in bsmt. Good sized backyard with some fencing and rear deck. Dimensional shingled roof, huge 2+ bay garage with lots of storage. Partially finished basement accessible from downstairs unit. Tenant upstairs would like to stay but ready for a first floor unit somewhere....etc. Third floor attic could be further finished for additional living space. Side street location, off street parking with drive. Front porch. Can be a good income generator with some renovation/updates. Seller will not make any repairs regardless of any inspection or appraisal results. Conventional, rehab loan, DSCR, cash preferred. Quicker close. Tenant pays on time. Buyers to perform own due diligence regarding condition, parcel data and property information.
Additional Information
- Interior Features
- Ceiling Fan(s)
- Taxes
- $2,076
- Heating
- Electric, Gas, Hot Water, Steam
- Air Conditioning
- Ceiling Fan(s), None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Foundation
- Block
- Parking Features
- Detached, Electricity, Garage, Paved
- Garage Spaces
- 2
- School District
- Lorain CSD - 4709
Listing Courtesy of: Rebecca L Bauer, rbauer@realtywise.com With Realtywise, Inc.
Selling Office: Russell Real Estate Services.Mortgage Calculator
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