508 W 23rd Street, Lorain, OH 44052

$155,000
  • 508 W 23rd Street, Lorain, OH 44052 Main Photo
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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET2,274 MLS#5195958
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHogan SCHOOLLorain City

Property Description

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.

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.findanohiorealtor.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Exterior Entry, Full
Basement: Yes
Cooling: None
Heating: Forced Air
Lot Size: 0.17 Acres
Roof Type: Asphalt, Fiberglass, Shingle
Taxes: $1,170 / year
Year Built: 1900

Feature Descriptions

Appliances: Dryer, Range, Refrigerator, Washer
Days on Site: 3
Exterior: Vinyl Siding
Laundry: Main Level, In Unit, Multiple Locations, Upper Level
Parcel#: 02-01-003-171-021
Parking: Driveway, No Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lorain City

Listed By / Shown By

Listed By

Agency Name: Keller Williams Citywide
Agency Contact: angie.lopez@kw.com, 216-855-4477

Shown By

Agency Title: DeHOFF REALTORS
Agency Phone: 330-499-8153

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Estimated Payment

$ 827.44 per month $684.73 Principal & Interest $97.50 Property Tax $45.21 Homeowner's Insurance

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