2323/2325 Homewood Drive, Lorain, OH 44055
- $135,000
- 4
- BD
- 2
- BA
- 2,688
- SqFt
- Sold Price
- $135,000
- List Price
- $159,900
- Status
- CLOSED
- Days on Market
- 146
- Closing Date
- Feb 05, 2026
- MLS#
- 5155557
- Subtype
- Residential Income
- Year Built
- 1951
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,688
- 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. Both units have 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 2315 and 2317 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
- Ceiling Fan(s), Laminate Counters, Natural Woodwork
- Taxes
- $2,055
- Appliances
- Microwave, Range, Refrigerator
- Heating
- Forced Air
- Air Conditioning
- Ceiling Fan(s)
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt
- Parking Features
- Asphalt, Gravel
- School District
- Lorain CSD - 4709
Listing Courtesy of: Glen G Whitten, support@ohiomlsflatfee.com With Ohio Property Group, LLC
Selling Office: Century 21 Homestar.Mortgage Calculator
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