529 Hamilton Ave

Lorain OH 44052

0.16 ac.

Duplex

Currently for sale - view listing

Overview

Terrific opportunity for investor! 2 large 4 bedroom houses on one lot near Lake Erie. $2350.00/month in gross rent both units. Tenants pay water/sewer, gas and electric. Front home at 527 Hamilton (white) has been remodeled - new countertops, flooring, paint, stain, some doors, additional attic bedroom finished, some electrical, new hot water tank, some new plumbing, new drywall/plaster through 80% of home, updated bathrooms, porch repairs. Appliances within last year. Rear home at 529 Hamilton (blue) has had a new renovated bathroom upstairs, some new plumbing. Basement has new crock and sump pump, some electrical, foundation repairs. Vinyl sided. Some roof/gutter repairs. Long term tenant. MTM lease in place on rear unit and full year term on front house with property management services in place. Room for rent increase on rear home and finish work. Unique opportunity as front house could be converted back to MF unit. Dual meters on both houses and separate from one another. Check with Lorain Bldg. Dept. for viability. Both tenants have good payment history. Walk through upon accepted offer only. Do not disturb tenants.