Attention investors! Turnkey, fully occupied duplex located on a desirable street & offering immediate rental income. Whether you're looking for an easy first investment property or a solid addition to your existing portfolio, this affordable opportunity deserves your attention. Property features a long-term second-floor tenant currently on a month-to-month lease paying $575 per month and a newer first-floor tenant occupying the efficiency unit at $595 per month. Separate gas & electric meters help minimize owner expenses, while the owner currently pays water, sewer & trash services. Additional features include off-street parking, partially fenced yard and a full basement providing storage and utility space. Property is not perfect but is in decent overall condition with some nice updates and has provided reliable income for a long-term owner who is now selling a portfolio after more than 20 years of ownership. This is a practical investment opportunity with existing cash flow, manageable operating expenses and upside potential for future improvements or rent adjustments. Please do not disturb the tenants. Showings will be provided after an acceptable offer has been negotiated. No wholesalers/no owner financing. Don't miss this chance to acquire a fully occupied income-producing property at an affordable price.
55 days
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794
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38
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Zillow last checked:
Listing updated:
Listed by:
Christopher A Frederick216-210-7653thefrederickteam@gmail.com,
Coldwell Banker Schmidt Realty,
Michele L Frederick440-567-8814,
Coldwell Banker Schmidt Realty
Source: MLS Now,MLS#: 5219180Originating 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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