New Listing
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.
Details
| MLS # | 5247598 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 6 |
| Listing Provided By | The Agency Cleveland Northcoast | Mena Ruggiero |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,000 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Building(s) | 1 |
| Acreage | 0.12 |
| Property View | Neighborhood |
Exterior
| Lot Features | Back Yard, Front Yard |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached, Garage, Outside, Shared Driveway, On Street |
Taxes
| Tax Annual Amount | 1740.36 |
|---|
Location
| Community Features | Lake, Playground, Park, Restaurant, Street Lights, Sidewalks |
|---|
Area Information
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44052 |
| Community Name | Cornwells Add |
| Listing VS Median (in Cornwells Add) | |
Price: $220,000 low | high Med: $220,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $110 low | high Med: $110 On site: 6 low | high Med: 6 | |
Market Activity 44052
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Learn More About This Property
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44052 |
| Community Name | Cornwells Add |
| Listing VS Median (in Cornwells Add) | |
Price: $220,000 low | high Med: $220,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $110 low | high Med: $110 On site: 6 low | high Med: 6 | |