407 W 22nd Street, Lorain, OH 44052
- $135,000
- 4
- BD
- 2
- BA
- List Price
- $135,000
- Status
- ACTIVE
- Stories
- 2
- MLS#
- 5205297
- Year Built
- 1900
- Price Change
- ▼ $25,000 1780000026
- Bedrooms
- 4
- Bathrooms
- 2
- Region
- Lorain
- Township
- Lorain
- Subdivision / Building
- Gilbert Hogans 03
Property Description
Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential. Multiple properties must be purchased. Singular properties will not be considered. Reach out to co-listing agent for details.
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Additional Information
- Taxes
- $1,404
- Acres
- 0.17
- Sewer
- Other
- Roof
- Other
- Water
- Other
- Garage Spaces
- 1
- Heating
- Other
- Cooling
- Other
- School District
- Lorain CSD - 4709
Mortgage Calculator
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
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