Remarks

Attention all investors! Don’t miss this incredible opportunity to add a fully rented, cash-flowing property to your portfolio. Captivating 3-story colonial offers 6 spacious bedrooms and 2 full baths, situated in a rental-friendly city with strong demand, including a robust Section 8 market. Long-term tenant wishes to remain, providing immediate income, and the property is currently professionally managed (management can remain or be terminated at buyer’s discretion). Home is situated on a generous lot with ample parking and a 2-car garage (garage door needed), and has seen many mechanical and cosmetic updates. Exterior features include upgraded vinyl siding, energy-efficient vinyl windows, and an updated dimensional roof. Inside, you'll find a light-filled and comfortable interior with high ceilings on the first floor, updated flooring and paint, and a refreshed kitchen. The layout includes four bedrooms on the second floor and two or three additional bedrooms on the finished third floor, offering flexibility for larger households or additional rental income. Two full bathrooms—one on the main floor and one on the second—provide added convenience. Key mechanical updates include a 2022 high-efficiency furnace and a 2021 hot water tank, along with updated plumbing and electrical with a breaker box. The full basement offers even more potential for storage. Please note: the property is being sold as-is as part of a foreclosure; a floor gap in the living room and garage door repair are disclosed. Easy to show with notice—check out area rental rates for 6-bedroom homes and schedule your private tour today!

Details

MLS#: 5122290
Price: $125,000

Style: residential
Bedrooms: 6
Baths Full: 2
Baths Half: 0
Sq Ft: 0
Year Built: 1900

County: Lorain County