DeHOFF Commercial Real Estate
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REALTOR®
BEDS6
BATHS3 full 1 partial
SQUARE FEET2,000
MLS#5247598
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCornwells Add
SCHOOLLorain City
Property Description
Great Investment Opportunity in Lorain! Discover the potential of this well-located triplex, offering three separate living units and an excellent opportunity to generate rental income while building long-term investment value. The property features two lower-level units and one spacious upstairs unit: Upstairs Unit: 3 bedrooms and 1.5 bathrooms, Lower Front Unit: 2 bedrooms and 2 bathrooms, Lower Rear Unit: 1 bedroom and 2 bathrooms. The property has seen several recent updates, including nearly all replacement windows installed in 2022 and a new flat roof installed in 2023. Additional property features include a common basement laundry room and a detached two-car garage in the rear, providing valuable off-street parking and additional storage. Conveniently located near local amenities, shopping, dining, and major roadways, this property offers plenty of possibilities for investors. Whether you're an experienced investor looking to expand your portfolio or an owner-occupant seeking additional rental income, this Lorain triplex is worth a look. With multiple units, recent improvements, separate utilities, and a two-car garage, this property offers a variety of possibilities for its next owner.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Common Basement, Unfinished
Cooling: None
Garage: 2
Heating: Baseboard, Forced Air, Gas
Lot Size: 0.12 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,740 / year
Year Built: 1900
Feature Descriptions
Appliances: Dryer, Washer
Community Features: Lake, Playground, Park, Restaurant, Street Lights, Sidewalks
Days on Site: 2
Exterior: Vinyl Siding
Fencing: None
Laundry: Common Area, In Basement
Lot: Back Yard, Front Yard
Parcel#: 02-01-005-115-002
Parking: Detached, Garage, Outside, Shared Driveway, On Street
Security: Smoke Detector(s)
Sewer: Public Sewer
View: Neighborhood
Water: Public
Local Schools
School District: Lorain City
Listed By / Shown By
Listed By
Agency Name: The Agency Cleveland Northcoast
Agency Contact: Mena.Ruggiero@TheAgencyRE.com, 330-801-1119
Shown By
Agent Name: DeHOFF Commercial Real Estate
Agent Phone: (330) 499-8153
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 1,181.05 per month $971.88 Principal & Interest $145.00 Property Tax $64.17 Homeowner's InsuranceChange Payment Information
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761 Washington Avenue | MLS# 5247598
This multi-family property located at 761 Washington Avenue, Lorain, OH 44052 is currently listed for sale with an asking price of $220,000. Washington Avenue is located within the Lorain City school district. Search Lorain real estate on dehoffcommercial.dehoff.com today.