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761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
761 Washington Avenue
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$220,000

761 Washington Avenue

4 Beds 4 Baths 2,000 Sq.Ft. 5,201.06 Sq.Ft.

Description

Great Investment Opportunity in Lorain! Discover the potential of this well-located triplex, offering three separate living units and an excellent opportunity to generate rental income while building long-term investment value. The property features two lower-level units and one spacious upstairs unit: Upstairs Unit: 3 bedrooms and 1.5 bathrooms, Lower Front Unit: 2 bedrooms and 2 bathrooms, Lower Rear Unit: 1 bedroom and 2 bathrooms. The property has seen several recent updates, including nearly all replacement windows installed in 2022 and a new flat roof installed in 2023. For added convenience and flexibility, each unit has separate gas and electric utilities, with the two first-floor units sharing electric. Additional property features include a common basement laundry room and a detached two-car garage in the rear, providing valuable off-street parking and additional storage. Conveniently located near local amenities, shopping, dining, and major roadways, this property offers plenty of possibilities for investors. Whether you're an experienced investor looking to expand your portfolio or an owner-occupant seeking additional rental income, this Lorain triplex is worth a look. With multiple units, recent improvements, separate utilities, and a two-car garage, this property offers a variety of possibilities for its next owner.

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Location

761 Washington Avenue, Lorain, OH 44052

Status

For Sale

Property Amenities

Interior
Laundry room Common Area, In Basement
Appliances Dryer, Washer
Total Bedrooms: 4
Half Bathrooms: 1
Full Bathrooms: 3
Area & Lot
Lot Area 5,201.06 Sq.Ft.
Living area 2,000 Sq.Ft.
MLS® ID 5247598
Year Built 1900
School District Lorain CSD - 4709
View Description Neighborhood
Type Multi-Family
Status For Sale
Exterior
Stories 2
Air conditioning None
Heat type Baseboard, Forced Air, Gas
Water Source Public
Garage Space 2.0
Security Features Smoke Detector(s)
Sewer Public Sewer
Parking Detached, Garage, Outside, Shared Driveway, On Street
Lot Features Back Yard, Front Yard
Roof Asphalt, Fiberglass
Finance
Sales Price $220,000
Real Estate Tax $1,740 yearly

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Thank you for your interest in 761 Washington Avenue, Lorain, OH 44052. We are reviewing your request and will be in touch shortly!

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