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eXp Realty
525-527 Washington Avenue, Lorain, OH 44052
- $189,900
- 7
- BD
- 2
- BA
- 6,058
- SqFt
- List Price
- $189,900
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 5258031
- Subtype
- Residential Income
- Year Built
- 1900
- Bedrooms
- 7
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 6,058
- Acres
- 0.17
- Subdivision
- Lorain
- Neighborhood
- Lorain
- MLS Area Major
- Lorain
Property Description
Great investment opportunity! Two well-maintained single-family homes situated on one parcel in Lorain, conveniently located near Lake Erie and Lakeview Park. The first home offers 4 bedrooms, 1 full bath, and 4,322 square feet of living space. Recent improvements include a new roof, fresh interior paint, and new carpeting throughout. This home was previously rented for $1,450 per month and offers additional rental upside for an investor. The second home features 3 bedrooms, 1 full bath, and 1,736 square feet and is currently tenant occupied, generating $1,150 per month through the Section 8 program. The tenant pays all utilities, providing an attractive income-producing opportunity. With a combined rental history of $2,600 per month, plus the potential to increase rental income from the four-bedroom home, this property is ideal for investors looking to expand their portfolio or an owner-occupant looking to live in one home while generating rental income from the other. Conveniently located near Lake Erie, Lakeview Park, and local amenities. Don't miss this unique opportunity to own two homes on one parcel!
Additional Information
- Taxes
- $2,687
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Carport, No Garage, On Site, Off Street, On Street
- School District
- Lorain CSD - 4709
- View
- City
Listing Courtesy of: David M Reddy, dreddy20@hotmail.com With Keller Williams Citywide
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