Property
Beds
4
Full Baths
4
1/2 Baths
None
Year Built
1900
Sq.Footage
2,300
Welcome to this rare opportunity for a fully cash-flowing 4-plex! This large multi-family home is a solid investment opportunity and current rents are believed to be under current market value. Low operating expenses - with tenants paying their own heat/electric utilities. The property has four fully occupied units. Each unit consists of 1 bedroom and 1 full bath. Rents for the units currently are: unit 1, $300.00/month, month-to-month lease, unit 2, $375.00/month, month-to-month lease; unit 3, $400.00/month, month-to-month lease; unit 4, $400.00/month,;month-to-month lease. Units 1 and 2 are on the main level, units 3 & 4 are on the second level. Units 3 & 4 have been recently updated within the past few years with newer flooring and carpet. Unit 1 updates within the past few years include fresh paint, newer carpets, and newer light fixtures. Unit 2 has a newer high energy efficient furnace (2013). Both unit 1 and unit 2 have their own separate basement. Some other updates throughout the entire property include newer roof (2015), newer copper drains and water lines throughout the building, and four updated breaker panels (2013). The seller prefers to sell this property (Parcel ID #0300098124002) (MLS #4503847) AND his DUPLEX (Parcel ID #0300098124026)(MLS #4503849) next to it as a PACKAGE deal. Seller willing to give a 10% discount for the total package deal bought together which would bring the purchase price to $220,410. Call now to learn more!
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
4
-
Above Grade Finished Area
2300.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard, Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Wood Siding
-
Parking
No Garage, Unpaved
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.13
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$165,000
-
Tax Amount
$1,354
-
Sq. Footage
2, 300
-
Price/SqFt
$71
HOA
-
Association
No
School District
-
Elementary School
Lorain CSD - 4709
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Lorain
Elementary School
Lorain CSD - 4709
Middle School
High School
Listing Courtesy of Anthony Rego , Keller Williams Elevate
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Agent / Realtor®
Carla Ponikvar
Call Carla today to schedule a private showing.
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