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REALTOR®
BEDS4
BATHS2 full
SQUARE FEET2,066
MLS#5249688
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDowntown Lorain
SCHOOLLorain City
Property Description
Great investment opportunity in Lorain! This turnkey side-by-side 2-story duplex offers over 2,000 square feet of living space, with each unit featuring 2 bedrooms and 1 full bath. Each side has its own separate gas and electric meter, furnace, water heater, basement, and private driveway for parking, while the owner pays the water and trash. Situated on a nice-sized corner lot, this property offers a low-maintenance setup that makes it easy to keep existing tenants or begin building your investment portfolio. Located within walking distance of Lakeview Park, Lakeview Beach, and Admiral King Elementary, the location adds even more appeal for tenants. Whether you're an experienced investor or a buyer looking to live in one unit while generating rental income from the other, this property offers plenty of opportunity and flexibility!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Interior Entry, Storage Space, Unfinished
Cooling: Ceiling Fan(s), Window Unit(s)
Heating: Forced Air, Gas
Lot Size: 0.13 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,440 / year
Year Built: 1950
Amenities
Ceiling Fan(s)
Eat-in Kitchen
None
Feature Descriptions
Community Features: None
Days on Site: 2
Exterior: Block, Concrete
Fencing: None
Laundry: Inside, In Basement, Lower Level
Lot: Flat, Level
Parcel#: 02-01-006-111-033
Parking: Driveway
Sewer: Public Sewer
View: City
Water: Public
Window: Insulated Windows
Local Schools
School District: Lorain City
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: stevelawson@superstevesells.com, 440-320-9888
Shown By
Agent Name: DeHOFF Commercial Real Estate
Agent Phone: (330) 499-8153
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 873.02 per month $706.38 Principal & Interest $120.00 Property Tax $46.64 Homeowner's InsuranceChange Payment Information
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1101 W 5th Street | MLS# 5249688
This multi-family property located at 1101 W 5th Street, Lorain, OH 44052 is currently listed for sale with an asking price of $159,900. W 5th Street is located within the Lorain City school district. Search Lorain real estate on dehoffcommercial.dehoff.com today.