2315/2317 Homewood Drive, Lorain, OH 44055
- $125,000
- 4
- BD
- 2
- BA
- 3,584
- SqFt
- Sold Price
- $125,000
- List Price
- $159,900
- Status
- CLOSED
- Days on Market
- 91
- Closing Date
- Dec 12, 2025
- MLS#
- 5155566
- Subtype
- Residential Income
- Year Built
- 1949
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 3,584
- Acres
- 0.17
- Subdivision
- Homewood Add
- Neighborhood
- Homewood Add
- MLS Area Major
- Lorain
Property Description
Discover a fantastic turnkey investment opportunity in the desirable Homewood subdivision of Lorain. This well-maintained side-by-side duplex offers two spacious, fully leased units—each featuring 2 bedrooms, 1 full bathroom, a generous living area, and an eat-in kitchen. Both units have access to private basements with laundry hookups and abundant storage space. Currently generating a combined monthly rental income of $1,700, this property provides immediate cash flow with tenants in place under lease agreements. One side has recently undergone renovations, enhancing appeal and tenant satisfaction. Tenants pay all utilities except water, sewer, and trash, maximizing profitability. This property is part of a four-unit package—sold together with adjacent duplexes at 2323 and 2325 Homewood—sharing a convenient driveway with plenty of parking, offering a unique opportunity to expand your rental portfolio. With its strong rental income, recent upgrades, and prime location, this investment promises long-term growth, stability, and excellent returns for savvy investors looking to capitalize on Lorain's rental market.
Additional Information
- Interior Features
- Eat-in Kitchen, Natural Woodwork
- Taxes
- $2,092
- Appliances
- Microwave, Range, Refrigerator
- Heating
- Forced Air
- Air Conditioning
- Ceiling Fan(s)
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt
- Foundation
- Block
- Parking Features
- Asphalt, Gravel
- School District
- Lorain CSD - 4709
- View
- Neighborhood
Listing Courtesy of: Glen G Whitten, support@ohiomlsflatfee.com With Ohio Property Group, LLC
Selling Office: Keller Williams Greater Metropolitan.Mortgage Calculator
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