Price Reduced Listing1339 Washington Avenue,Lorain, OH 44052
Lorain, OH 44052
Description
Performing rental property with consistent returns at 1339 Washington Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied duplex produces strong, consistent cash flow with rents of $1,100 and $1,250 per month, both secured through leases expiring 3/31/27, providing long-term income stability. Tenants are responsible for all utilities, helping to minimize owner expenses and maximize returns. The property offers a functional layout with solid rental demand in the area, making it a dependable addition to a larger portfolio. Ideal for investors seeking stable, predictable income, this asset contributes to a well-performing, income-producing portfolio. Multiple properties must be purchased. Singular properties will not be considered. Reach out to co-listing agent for details.
Details
| MLS # | 5205310 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 114 |
| Listing Provided By | Russell Real Estate Services | Tal Tamir |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| Basement | Y |
| Story(s) | 2 |
| Building(s) | 1 |
| Acreage | 0.09 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Taxes
| Tax Annual Amount | 1288 |
|---|
Area Information
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44052 |
| Community Name | Chamberlain |
| Listing VS Median (in Chamberlain) | |
Price: $158,750 low | high Med: $157,400 On site: 114 low | high Med: 176 | |
Market Activity 44052
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Learn More About This Property
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44052 |
| Community Name | Chamberlain |
| Listing VS Median (in Chamberlain) | |
Price: $158,750 low | high Med: $157,400 On site: 114 low | high Med: 176 | |