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1350 E Erie Avenue, Lorain, OH 44052

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For Sale

$99,900

4 beds • 2 baths • 1,988 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $50.25
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Build your portfolio with this cash-flowing investment opportunity! This fully occupied duplex in Lorain has 4 bedrooms and 2 baths, with 2 bed and 1 bath for each unit. Both units are tenant occupied. Unit 1348 rents for $790 and has a lease through 03/31/2026. Unit 1350 rents for $925 with a lease through 04/30/2026, with tenants paying gas and electric. The spacious property features a large lot for off-street parking, separate entrances for each unit, as well a separate front porches, a upper balcony for each unit and a large shared rear deck. Each unit has its own basement with laundry hookups, some hardwood floors throughout and large living and dining rooms for each unit. The property is near multiple schools and parks, as well as close to food and community amenities. Professional management in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services available for remote investors! Don't miss out of this solid, cash-flowing investment property! Reach out today for more info!
MLS# 5172875

Courtesy Of RE/MAX Haven Realty

(440) 519-3100

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    0.11 Acres
  • Roof Type
    Asphalt
  • Rooms
    Laundry Room

Map and Directions

Directions to 1350 E Erie Avenue, Lorain, OH 44052

Home seller CENTURY 21 DeAnna Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 DeAnna Realty

(440) 731-8070
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.