946 Washington AVE new Save Request In-Person Tour Request Virtual Tour
Lorain,OH 44052
Key Details
Property Type Single Family Home
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,414 sqft
Price per Sqft $45
Subdivision David Wallace Trustees 01
MLS Listing ID 5121952
Bedrooms 6
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 2,414
Total Fin. Sqft 2414
Year Built 1916
Annual Tax Amount $1,681
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Triplex
Property Description
Attention investors! Don't miss this exceptional opportunity to own a promising piece of real estate at 946 Washington Ave, Lorain, OH, 44052. This triplex offers a wealth of possibilities for the savvy investor looking to expand their portfolio in the Lorain market. Situated on a generous .17-acre lot, this property boasts a total of 6 bedrooms and 3.5 bathrooms across multiple units. While it does require some work to bring it up to rent-ready condition, the potential for a high return on investment is clear. Each unit is individually metered for electric, simplifying the management process and ensuring that tenants are responsible for their own usage. Located close to the heart of downtown Lorain, this property is ideal for renters seeking convenience and accessibility to local amenities, including shopping, dining, and entertainment options. The location, combined with the property's inherent potential, makes it an attractive prospect for long-term rental income. The triplex's ample space and flexible layout offer numerous opportunities for customization and enhancement. With the right touches, this property can quickly become a sought-after residence for potential tenants, maximizing your income potential. Whether you're looking to renovate and flip or hold and lease, 946 Washington Ave presents a fantastic opportunity to invest in the growing Lorain market. Seize the chance to turn this property's potential into profit. Contact us today to schedule a viewing and start your next investment project!
Location
State OH
County Lorain
Rooms
Basement Full,Unfinished
Interior
Heating Baseboard,Electric,Forced Air,Gas
Cooling None
Fireplace No
Appliance Range,Refrigerator
Laundry None
Exterior
Parking Features Detached,Garage,On Street
Garage Spaces 3.0
Garage Description 3.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage true
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-01-005-119-025
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional