Listed By
Agency Name: Lokal Real Estate, LLC.
Agency Phone: 216-252-6580
Shown By
Agent Name: Jerri Furniss
Agent Phone: Cell: (614) 937-4427
Agency Title: Cutler Real Estate
Contact Jerri Furniss About This Property
Property Description
Excellent investment opportunity in a desirable Lorain location. This solid 1950 single-story home offers an ideal layout for a BRRRR strategy or quick renovation and resale. Two bedrooms, one bath, and a detached garage keep renovation costs manageable while appealing to future tenants or buyers. Conveniently situated near I-90, Lake Erie, and downtown amenities, the property is well-positioned for strong rental demand. With primarily cosmetic updates required, investors can anticipate an efficient turnaround and attractive return on investment. Property is being sold AS IS. Subject to probate court approval.
Property Features
Property Type: Residential - Single Family
Cooling: Ceiling Fan(s)
Days on Market: 121
Garage: 2
Heating: Forced Air
Home Style: Ranch
Lot Size: 0.14 Acres
Roof Type: Asphalt
Stories: 1.0
Taxes: $2,480 / year
Year Built: 1950
Feature Descriptions
Exterior: Wood Siding
Parcel#: 03-00-099-104-006
Parking: Detached, Garage
Parking Notes: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Lorain City
Market Trends
Lorain County Residential Market Trend Graphs- Zip Code 44055
Source: Delta Media Group, Inc.
Demographics
Lorain County Demographic Information forFips
Fips Code 39093
Population
2020 to 2023 Change up 1.6%
2010 Count 301,356
2020 Count 312,964
2023 Estimate (V2023) 317,910
2020 Estimate (V2023) 312,956
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 21.4%
18 to 64 53.4%
65 and Older 19.9%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 2.8%
US 97.2%
Education
High School Graduate, Age 25+ 91.2%
Bachelor's Degree or Higher, Age 25+ 27.2%
Computer and Internet use
Households with a computer 93.8%
Households with a broadband Internet subscription 84.5%
Language
English is Second Language, Age 5+ 7.0%
English is First Language, Age 5+ 93.0%
Veterans
Veterans 17,970
Income
Per Capita Income $37,171
Median Household Income $67,272
People in Poverty 12.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 124,510
Average Household Size 2.45
Owner-Occupied 72.9%
Multi-Family 17.0%
Owner-Occupied Median Value $191,900
Median selected monthly owner costs -with a mortgage $1,474
Median selected monthly owner costs -without a mortgage $591
Median gross rent $886
Building Permits
New Private Housing Issued 2023 987
Years at Residence
1 Year or More 90.0%
Less Than 1 Year 10.0%
Business and Employment
Private non-farm Establishments 5,574
Private non-farm Employment 83,286
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,027
Number of Firms 20,914
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614
Source: US Census Bureau
Estimate Your Payment
Estimated Payment
$ 582.35 per month $355.29 Principal & Interest $206.67 Property Tax $20.39 Homeowner's InsuranceChange Payment Information
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