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$335,000
Est. payment /mo
12 Beds
4 Baths
3,900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $85
Subdivision Charleston
MLS Listing ID 5138207
Bedrooms 12
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,900
Year Built 1900
Annual Tax Amount $3,525
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Quadruplex
Property Description
1150 West 5th Street in Lorain is a solid investment opportunity for anyone looking to add value and grow their rental portfolio. This four-unit property features spacious layouts, with each unit offering three bedrooms and one bathroom at just under 1,000 square feet. While it is a fixer-upper in need of renovation, it provides the ideal blank slate to customize and increase future rental income. Each unit includes a private basement for tenant storage and convenient on-site parking. The location is a major highlight, with close proximity to downtown Lorain, Black River Landing for concerts and events, and less than half a mile from beautiful Lake Erie. With strong potential in an area poised for continued growth, 1150 West 5th Street is ready for an investor with vision to make it shine.
Location
State OH
County Lorain
Rooms
Basement Unfinished
Interior
Heating Gas
Cooling None
Fireplace No
Exterior
Parking Features On Site
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-01-006-109-019
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Jeffrey McManamon • Hotdoors, LLC • jeff@hotdoors.com, 440-227-6739