$140,000
$139,900
0.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
3,672 SqFt
SOLD DATE : 12/22/2023
Key Details
Sold Price $140,000
Property Type Single Family Home
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $38
Subdivision Nichols Sub
MLS Listing ID 4505814
Sold Date 12/22/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,836
Total Fin. Sqft 3672
Year Built 1971
Annual Tax Amount $1,741
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Duplex
Property Description
Nestled in a prime location in Lorain, this side-by-side duplex presents an exceptional opportunity for both investors and owner-occupiers. The area boasts a vibrant atmosphere, with the renowned Rockin' on the River concert during the summer months, offering tenants a delightful local entertainment option. With the potential for house hacking, residents can live in one unit and generate rental income from the other, making it an attractive prospect for savvy buyers. Alternatively, investors can capitalize on this well-maintained property as a lucrative cash flow opportunity. Notably, the property's long-term owner of 15 years has ensured that the duplex is turnkey and features central air for added comfort. One unit, currently on a month-to-month lease, presents a significant value-add opportunity, as the tenant pays well below market rent at $550 monthly. Don't miss the chance to seize this prime investment or owner-occupier opportunity in a sought-after location.
Location
State OH
County Lorain
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Laundry None
Exterior
Parking Features Shared Driveway, Unpaved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Building
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 03-00-055-109-052
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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Bought with Virginia Lindsay • Keller Williams Citywide
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