For Sale
$129,900

522 21St StLorain, OH 44052

Two-unit apartment building, excellent cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
115
This charming two-unit apartment building presents a fantastic investment opportunity in Lorain, Ohio. Located at 522 W 21 St, this property boasts a prime location near downtown Lorain and local schools, ensuring consistent tenant demand. The building, constructed in 1900, is a Class B, two-story structure encompassing 1,940 square feet and situated on a 0.14-acre lot. The property features two rental units, currently occupied by long-term tenants paying $675 and $700 per month respectively, providing immediate cash flow. The property's APN is 0201003161017 and the zip code is 44052. This is a solid investment opportunity for those seeking a multifamily property with established rental income in a desirable location. The building consists of one structure with a total of two units. The asking price for this property is $129,900. This presents a chance to acquire a well-maintained property with the potential for future appreciation and increased rental income. The property's proximity to downtown Lorain and schools makes it particularly attractive to renters. Consider this a turnkey investment ready to generate income from day one.

Highlights

  • Asking price: $129,900
  • Multifamily property, Apartment Building, Class B, 2 units
  • 1,940 square feet, built in 1900, 2 stories
  • 0.14-acre lot, located at 522 W 21 St, Lorain, OH 44052
  • Currently rented with long-term tenants generating cash flow.

Property Details for 522 21St St

Property type
Apartment buildings
Square Feet
1,940 SF
Class
B
Year Built
1900
Buildings
1
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
2

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.4511561
Longitude
-82.1726561
522 21St St, Lorain, Ohio

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522 21St St
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