508 W 23rd ST, Lorain, OH 44052
508 W 23rd ST, Lorain, OH 44052
508 W 23rd ST, Lorain, OH 44052
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$155,000
Est. payment /mo
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4 Beds
2 Baths
2,274 SqFt
Active Under Contract

508 W 23rd ST Lorain, OH 44052

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,274 sqft

Price per Sqft $68

Subdivision Hogan

MLS Listing ID 5195958

Bedrooms 4

Full Baths 2

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 1,516

Year Built 1900

Annual Tax Amount $1,170

Tax Year 2025

Contingent Appraisal,Inspections

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Duplex

Stories One and One Half

Story One and One Half

Property Description

Excellent income-producing investment opportunity OR homeowner opportunity. The upstairs tenant will be moving out next month. The property currently is receiving $1,750. The home features two units with strong rent: the upper unit is currently occupied paying $900 up-to date with rent, while the lower unit is occupied by a tenant and also up to date on rent $850. And ALL appliances will stay with the unit: including stove, refrigerator, washer, and dryer.

The exterior has been updated with newer vinyl siding, newer roof, and vinyl windows, enhancing both durability and curb appeal. Inside you'll find newer flooring throughout, newer kitchens, and newer bathrooms. Major mechanical updates include two newer hot water tanks (2020) and a newer furnace, offering added peace of mind. There are 2 furnaces, one is in the basement and the second furnace is in the upstairs unit.

Each unit offers a bright and inviting interior with abundant natural light, complemented by some updated flooring and fresh paint. The upper unit includes a private balcony, while the lower unit features covered porches. A spacious backyard with a storage shed provides additional outdoor functionality. With each unit having in-unit laundry area.

The basement includes a laundry connection, currently not in use but offering future value-add potential. Situated on a quiet side street, the property has previously qualified for Section 8. Property is easy to show, call your realtor to schedule.

Location

State OH

County Lorain

Rooms

Basement Exterior Entry, Full

Interior

Heating Forced Air

Cooling None

Fireplace No

Appliance Dryer, Range, Refrigerator, Washer

Laundry Main Level, In Unit, Multiple Locations, Upper Level

Exterior

Parking Features Driveway, No Garage

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Shingle

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories One and One Half

Construction Status Updated/Remodeled

Schools

School District Lorain Csd - 4709

Others

Tax ID 02-01-003-171-021

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard


Northern Ohio Regional MLS (YES-MLS)
Listed by Angie Lopez • Keller Williams Citywide • angie.lopez@kw.com, 216-855-4477

NEARBY SCHOOL & BUSINESS

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Laney Ross

Laney Ross

Broker Associate, Agent | OH & WV | License ID: WV0022606

+1(740) 310-2590

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508 W 23rd ST