$99,500
$100,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
981 SqFt
SOLD DATE : 11/04/2024
Key Details
Sold Price $99,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 981 sqft
Price per Sqft $101
MLS Listing ID 5072563
Sold Date 11/04/24
Style Ranch
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 981
Year Built 1949
Annual Tax Amount $1,335
Tax Year 2023
Lot Size 6,969 Sqft
Acres 0.16
Property Description
**Investment Opportunity in Lorain, Ohio** Unlock the potential of this charming three-bedroom ranch home located in the heart of Lorain. Currently occupied by a long-term month-to-month tenant paying $900 per month, this property offers immediate cash flow with room for growth. **Key Features:** - **Current Income:** $900/month from a long-term month-to-month tenant. - **Market Potential:** Rents for similar three-bedroom homes are averaging between $1,100 and $1,300, particularly in the Section 8 market. This is a fantastic chance to acquire a property with instant cash flow at an attractive price point. Whether you're a seasoned investor or new to real estate, this opportunity is not to be missed! **Act Now!** Contact us today to learn more and schedule a viewing. Your next investment awaits!
Location
State OH
County Lorain
Rooms
Basement Full
Main Level Bedrooms 3
Interior
Heating Gas
Cooling Window Unit(s)
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Porch Patio, Porch
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Schools
School District Lorain Csd - 4709
Others
Tax ID 03-00-046-105-021
Financing Conventional
Special Listing Condition Standard
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Bought with Shanna M Keefer • North Bay Realty, LLC.