Finished third floorPlumbing improvementsUpdated electrical panel
Attention investors! This turnkey investment opportunity offers immediate cash flow with a quality tenant in place through July 2026, paying $1,200 per month (not Section 8) and wishing to remain. Whether you're entering the investment market for the first time or adding to your established portfolio, this affordable and maintained asset delivers cash flow from day one. This spacious property features 4 bedrooms, with the possibility of a 5th bedroom using the finished third floor—an excellent opportunity for future rent increases or expanded tenant appeal. The home is mechanically sound with thoughtful updates, including an updated electrical panel, plumbing improvements, and other key upgrades. A full basement adds additional storage or utility space, while the large floor plan provides flexibility and long-term tenant stability. Located in an investment-friendly zip code, this property is positioned for consistent performance and growth. The home is currently professionally managed, and management can remain in place for a seamless transition. Due to the tenant’s occupancy, showings will only be permitted after an acceptable offer has been received. Please—no wholesalers, no owner-financing requests, and inquiries from serious, qualified buyers only. Seller is an out-of-country investor liquidating their portfolio. A solid, income-producing property with upside potential—don’t miss this excellent opportunity!
222 days
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162
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5
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Zillow last checked:
Listing updated:
Listed by:
Christopher A Frederick216-210-7653thefrederickteam@gmail.com,
Coldwell Banker Schmidt Realty,
Adrian Frederick216-469-4854,
Coldwell Banker Schmidt Realty
Source: MLS Now,MLS#: 5175766Originating MLS: Lorain County Association Of REALTORS
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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