380 N Ridge Road W, Lorain, OH 44053
- $245,000
- 5
- BD
- 3
- BA
- 4,550
- SqFt
- List Price
- $245,000
- Status
- PENDING
- Days on Market
- 150
- MLS#
- 5192185
- Subtype
- Residential Income
- Year Built
- 1978
- Bedrooms
- 5
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 4,550
- Acres
- 6.24
- Subdivision
- 30114-Lorain/Clearview
- Neighborhood
- 30114-Lorain/Clearview
- MLS Area Major
- Lorain
Property Description
Rare 3-unit multi-family opportunity in Lorain County offering both income potential and exceptional flexibility! The first floor features approximately 1,600 square feet of open space, making it ideal for an owner’s suite, home-based business, office space, or conversion into an additional rental unit. The second floor includes two separate units, each offering 2 bedrooms, 1 full bath, an eat-in kitchen, and spacious living areas, totaling approximately 1,100 square feet. Both units were previously rented for around $900 per month (under market value for today's rental pricing), providing strong potential for steady residual income. Situated on 6.24 acres of country property, this parcel offers incredible possibilities for the right buyer- whether you’re looking to expand rental income, run a business, or enjoy the privacy and flexibility of rural living. Conveniently located just off Broadway and State Route 2, this property combines accessibility with space and opportunity. This home is in need of repairs and is being Sold As-Is and priced accordingly. A unique investment with multiple income streams and room to grow- schedule your showing today! ***Note This property is being offered subject to the lot split in the photos and also in the attachments. It will be recorded prior to title transfer. ***
Additional Information
- Interior Features
- Eat-in Kitchen
- Taxes
- $2,767
- Heating
- Electric, Forced Air, Gas
- Air Conditioning
- Other, Window Unit(s)
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass, Shingle
- Parking Features
- Attached, Driveway, Garage, On Site, Unpaved
- Garage Spaces
- 1
- School District
- Clearview LSD - 4704
Listing Courtesy of: Sam LoFaso, sold@samlofaso.com With LoFaso Real Estate Services
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