For more information regarding the value of a property, please contact us for a free consultation.
2848 W Erie AVE Lorain, OH 44053
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $429,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,080 sqft
Price per Sqft $70
Subdivision Black River 02
MLS Listing ID 4348889
Year Built 1928
Annual Tax Amount $5,359
Lot Size 0.550 Acres
Property Description
Great Investment Opportunity.... QUADPLEX and DUPLEX. This is a package Deal with six apartments on two parcels that include a four vehicle garage (garage needs improvements). All units are occupied except one that is currently being updated. Three units in the Quadplex (2848, 2850, 2854 W Erie) have recently been remodeled. All four units have a similar floor plan with and/or hardwood, laminate, carpet. All four units have their own separate basement with washer and dryer hookups. All kitchen appliances convey with properties. The duplex is located on the adjacent parcel. The duplex is an up and down. There are two long term tenants residing in the duplex which brings in $1250 (utilities included with rent). The quadplex tenants pay for utilities except the water and sewer. Gross yearly income with all units occupied is approximately $58,800.00. Don't miss your opportunity to add to your portfolio and build your wealth. Hurry, act now, before it is to late.
Location
State OH
County Lorain
Interior
Heating Forced Air, Gas
Exterior
Parking Features Unpaved
Roof Type Asphalt,Fiberglass,Flat
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Lorain Csd - 4709
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Bought with Christine A Stowell • Keller Williams Elevate