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Excellent income-producing investment opportunity OR homeowner opportunity. The upstairs tenant will be moving out next month. The property currently is receiving $1,750. The home features two units with strong rent: the upper unit is currently occupied paying $900 up-to date with rent, while the lower unit is occupied by a tenant and also up to date on rent $850. And ALL appliances will stay with the unit: including stove, refrigerator, washer, and dryer. The exterior has been updated with newer vinyl siding, newer roof, and vinyl windows, enhancing both durability and curb appeal. Inside you'll find newer flooring throughout, newer kitchens, and newer bathrooms. Major mechanical updates include two newer hot water tanks (2020) and a newer furnace, offering added peace of mind. Each unit offers a bright and inviting interior with abundant natural light, complemented by some updated flooring and fresh paint. The upper unit includes a private balcony, while the lower unit features covered porches. A spacious backyard with a storage shed provides additional outdoor functionality. With each unit having in-unit laundry area. The basement includes a laundry connection, currently not in use but offering future value-add potential. Situated on a quiet side street, the property has previously qualified for Section 8. Property is easy to show, call your realtor to schedule.
Listed By
Agency Name: Keller Williams Citywide
Agency Contact: angie.lopez@kw.com, 216-855-4477
Shown By
Agent Name: Rachel Sharp, Your Sharp Agent!
Agent Phone: Cell: (330) 354-6792
Agency Title: M.C. Real Estate
Estimated Payment
$ 487.67 per month $344.96 Principal & Interest $97.50 Property Tax $45.21 Homeowner's Insurance
508 W 23rd Street | MLS# 5195958
This multi-family property located at 508 W 23rd Street, Lorain, OH 44052 is currently listed for sale with an asking price of $155,000. W 23rd Street is located within the Lorain City school district. Search Lorain real estate on www.ohioresidentialhomes.com today.