Patricia Rader
REALTOR®
BEDS7
BATHS2 full
SQUARE FEET6,058
MLS#5258031
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLorain
SCHOOLLorain City
Property Description
Great investment opportunity! Two well-maintained single-family homes situated on one parcel in Lorain, conveniently located near Lake Erie and Lakeview Park. The first home offers 4 bedrooms, 1 full bath, and 4,322 square feet of living space. Recent improvements include a new roof, fresh interior paint, and new carpeting throughout. This home was previously rented for $1,450 per month and offers additional rental upside for an investor. The second home features 3 bedrooms, 1 full bath, and 1,736 square feet and is currently tenant occupied, generating $1,150 per month through the Section 8 program. The tenant pays all utilities, providing an attractive income-producing opportunity. With a combined rental history of $2,600 per month, plus the potential to increase rental income from the four-bedroom home, this property is ideal for investors looking to expand their portfolio or an owner-occupant looking to live in one home while generating rental income from the other. Conveniently located near Lake Erie, Lakeview Park, and local amenities. Don't miss this unique opportunity to own two homes on one parcel!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.17 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,687 / year
Year Built: 1900
Feature Descriptions
Days on Site: 7
Exterior: Vinyl Siding
Lot: City Lot
Parcel#: 02-01-005-109-003
Parking: Carport, No Garage, On Site, Off Street, On Street
Sewer: Public Sewer
View: City
Water: Public
Local Schools
School District: Lorain City
Listed By / Shown By
Listed By
Agency Name: Keller Williams Citywide
Agency Contact: dreddy20@hotmail.com, 216-406-4746
Shown By
Agent Name: Patricia Rader
Agent Phone: (419) 967-0018
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,341.55 per month $1,062.25 Principal & Interest $223.92 Property Tax $55.39 Homeowner's InsuranceChange Payment Information
Patricia Rader
Cell: (419) 967-0018
Email Me
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525-527 Washington Avenue | MLS# 5258031
This multi-family property located at 525-527 Washington Avenue, Lorain, OH 44052 is currently listed for sale with an asking price of $189,900. 525-527 Washington Avenue is located within the Lorain City school district. Search Lorain real estate on www.callrader.com today.