2323/2325 Homewood DR Lorain, OH 44055
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $59
Subdivision Homewood Add
MLS Listing ID 5155557
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,792
Year Built 1951
Annual Tax Amount $2,055
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
Currently generating a combined monthly rental income of $1,700, this property provides immediate cash flow with tenants in place under lease agreements. Both units have 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 2315 and 2317 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.
Location
State OH
County Lorain
Rooms
Basement Full, Sump Pump
Interior
Interior Features Ceiling Fan(s), Laminate Counters, Natural Woodwork
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Window Features Aluminum Frames
Appliance Microwave, Range, Refrigerator
Laundry In Basement
Exterior
Parking Features Asphalt, Gravel
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 03-00-080-104-013
Special Listing Condition Standard
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