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For Sale Duplex

1813 Lexington Avenue, Lorain, OH

1813 Lexington Avenue, Lorain, OH, 44052
$109,500

Property Details

7 Bedrooms
2 Bathrooms
3,225 Sq Ft
Duplex

Description

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

Property Information

Address 1813 Lexington Avenue
City Lorain
State OH
Zip Code 44052
Price $109,500
Property Type Residential Income
Listing Type Duplex
Bedrooms 7
Bathrooms 2
Area 3,225 Sq Ft

Location

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