Vision Sales Team

1813 Lexington Avenue

Lorain, OH 44052

MLS#: 5210547

$109,500

Status: Active
Listing number: 5210547
Listing provided by: Coldwell Banker Schmidt Realty
Listing agent phone: None
Last update: 7 days ago
On site: 9 days ago
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Property

Beds

7

Full Baths

2

1/2 Baths

None

Year Built

1900

Sq.Footage

3,225

Unique 2-family investment opportunity offering exceptional income potential/Also perfect for owner occupied use! Spacious vinyl-sided duplex features a total of 7 bedrooms/2 full baths w/flexible layout consisting of 3-bedroom, 1-bath main floor unit plus 4-bedroom, 1-bath second-floor unit. Situated on quiet street w/2 separate driveways, partially fenced yard & separate entrances for each unit, includes welcoming porch for one of the units. Property will be delivered vacant at closing, making it ideal for owner occupancy or for investors looking to maximize rental income. Second-floor unit complete & owner-occupied, while main-floor unit requires some finishing work, allowing the new owner to add value/build equity. Laundry has been conveniently added to each floor. Property appears to feature 2 furnaces, separate gas service & 2 updated electrical boxes, w/one hot water tank currently servicing the property. Affordably priced to allow for completion of remaining improvements while creating strong cash flow potential. High bedroom count makes this a desirable rental opportunity with excellent income possibilities for traditional or Section 8 tenants. Perfect addition to a growing portfolio or ideal for an owner-occupant looking to offset living expenses with rental income. Being sold as-is. Cash, hard money or DSCR financing only. Investment-friendly city with strong rental demand and excellent

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    2

  • Above Grade Finished Area

    2204.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    No Garage, Paved

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.172

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $109,500

  • Tax Amount

    $1,138

  • Sq. Footage

    3, 225

  • Price/SqFt

    $33

HOA

  • Association

    No

School District

  • Elementary School

    Lorain CSD - 4709

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Lorain

Elementary School

Lorain CSD - 4709

Middle School

High School

Listing Courtesy of Christopher A Frederick , Coldwell Banker Schmidt Realty

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Agent Austin Lape

AGENT

Austin Lape

Call Austin today to schedule a private showing.

(330) 808-6162

Austin@VisionSalesTeam.com


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Unique 2-family investment opportunity offering exceptional income potential/Also perfect for owner occupied use! Spacious vinyl-sided duplex features a total of 7 bedrooms/2 full baths w/flexible layout consisting of 3-bedroom, 1-bath main floor unit plus 4-bedroom, 1-bath second-floor unit. Situated on quiet street w/2 separate driveways, partially fenced yard & separate entrances for each unit, includes welcoming porch for one of the units. Property will be delivered vacant at closing, making it ideal for owner occupancy or for investors looking to maximize rental income. Second-floor unit complete & owner-occupied, while main-floor unit requires some finishing work, allowing the new owner to add value/build equity. Laundry has been conveniently added to each floor. Property appears to feature 2 furnaces, separate gas service & 2 updated electrical boxes, w/one hot water tank currently servicing the property. Affordably priced to allow for completion of remaining improvements while creating strong cash flow potential. High bedroom count makes this a desirable rental opportunity with excellent income possibilities for traditional or Section 8 tenants. Perfect addition to a growing portfolio or ideal for an owner-occupant looking to offset living expenses with rental income. Being sold as-is. Cash, hard money or DSCR financing only. Investment-friendly city with strong rental demand and excellent

1813 Lexington Avenue

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