Property
Beds
4
Full Baths
2
1/2 Baths
None
Year Built
1949
Sq.Footage
3,584
Discover a fantastic turnkey investment opportunity in the desirable Homewood subdivision of Lorain. This well-maintained side-by-side duplex offers two spacious, fully leased units—each featuring 2 bedrooms, 1 full bathroom, a generous living area, and an eat-in kitchen. Both units have access to private basements with laundry hookups and abundant storage space. Currently generating a combined monthly rental income of $1,700, this property provides immediate cash flow with tenants in place under lease agreements. One side has recently undergone renovations, enhancing appeal and tenant satisfaction. Tenants pay all utilities except water, sewer, and trash, maximizing profitability. This property is part of a four-unit package—sold together with adjacent duplexes at 2323 and 2325 Homewood—sharing a convenient driveway with plenty of parking, offering a unique opportunity to expand your rental portfolio. With its strong rental income, recent upgrades, and prime location, this investment promises long-term growth, stability, and excellent returns for savvy investors looking to capitalize on Lorain's rental market.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Natural Woodwork
-
Total Bedrooms
4
-
Bathrooms
2
-
Above Grade Finished Area
1792.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s)
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Aluminum Siding
-
Parking
Asphalt, Gravel
-
Pool
No
-
Waterfront YN
NO
-
View
Neighborhood
Area & Lot
-
Lot Size(acres)
0.17
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$159,900
-
Tax Amount
2092.0
-
Sq. Footage
3, 584
-
Price/SqFt
$44
HOA
-
Association
No
School District
-
Elementary School
Lorain CSD - 4709
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Lorain
Elementary School
Lorain CSD - 4709
Middle School
High School
Listing Courtesy of Glen G Whitten , Ohio Property Group, LLC
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