522 21St St Lorain, OH 44052
- Commercial real estate
- 1,940 SF
- 0.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 522 21St St
- Year built
- 1900
- Lot size
- 0.14 lot acres
- Property size
- 1,940 SF
- Property type
- Commercial real estate
- APN
- 0201003161017
Description
This charming two-unit apartment building presents a fantastic investment opportunity in Lorain, Ohio. Located at 522 W 21 St, this property boasts a prime location near downtown Lorain and local schools, ensuring consistent tenant demand. The building, constructed in 1900, is a Class B, two-story structure encompassing 1,940 square feet and situated on a 0.14-acre lot. The property features two rental units, currently occupied by long-term tenants paying $675 and $700 per month respectively, providing immediate cash flow. The property's APN is 0201003161017 and the zip code is 44052. This is a solid investment opportunity for those seeking a multifamily property with established rental income in a desirable location. The building consists of one structure with a total of two units. The asking price for this property is $129,900. This presents a chance to acquire a well-maintained property with the potential for future appreciation and increased rental income. The property's proximity to downtown Lorain and schools makes it particularly attractive to renters. Consider this a turnkey investment ready to generate income from day one.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1726561
- Latitude
- 41.4511561
