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For Sale Duplex

418 17th Street, Lorain, OH

418 17th Street, Lorain, OH, 44052
$149,900

Property Details

3 Bedrooms
2 Bathrooms
1,290 Sq Ft
Duplex

Description

Location matters in a rental, and 418 W 17th puts you in Lorain, where tenant demand stays strong and rental homes tend to fill quickly and hold their tenants. You are close to the everyday conveniences renters want, which helps keep vacancy low and income dependable.This duplex is fully turnkey with two units. The one bedroom is occupied by a Section 8 tenant paying $1,059 per month, giving you steady, government backed income from day one. The two bedroom unit is vacant and rent ready, with market rents around $1,250 per month, so you can place a tenant right away. Together that points to roughly $2,309 per month in gross rental income once both units are filled.With nothing to renovate and one unit already producing, this is a simple way to add cash flow to your portfolio or start building one. Reach out today to schedule a showing or request the rental details.

Property Information

Address 418 17th Street
City Lorain
State OH
Zip Code 44052
Price $149,900
Property Type Residential Income
Listing Type Duplex
Bedrooms 3
Bathrooms 2
Area 1,290 Sq Ft

Location

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