522 21St StLorain, OH 44052

Property Details for 522 21St St

Year built

1900

Lot size

0.14 AC

Property size (Sq ft)

1,940 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Lorain

County

Lorain

State

Ohio

Latitude

41.4512

Longitude

-82.1727

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