$250,000

380 N Ridge Road, Lorain, OH 44053

  • 5 beds |
  • 3 baths |
  • 4,550 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon6.2acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $55/sqft
  • Property List Date Icon Listed 11 months ago

Property Description

Rare opportunity for Real Estate investors. Several ways to optimize your profits. First floor offers 1,600 square foot open space that can be utilized as a business space or can be refigured for an apartment rental. Second floor has 2 units, 1100 sq feet each with 2 bedrooms each. This property is sitting on 6.2 acres. Lots of possibilities. Front of lot is zoned R3 and behind buildings is zones R1B. The house and outbuildings on east side of Triplex are not being sold and there will be a lot split after the purchase agreement is in place. This property is less than one mile from Route 2. Two units are rented for $900 each. Instant income of $1800 a month.

Listing Status:
Active
Listing Office:
The Sweda Group, LLC. : 440-934-1000
Listing Agent:
Diane L Price : 440-654-3132
MLS ID:
5084757
  • A/C: Wall/Window Unit(s)
  • Heating: ElectricForced AirGas
  • Parking: Additional ParkingGarage
  • Roofing: AsphaltFiberglass
  • General: Aluminum Siding2
  • Originating MLS: NOWDD
  • School District: Clearview LSD - 4704
  • County: Lorain
  • Zoning: 02-01-003-262-025
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD

This listing courtesy of Diane L Price, The Sweda Group, LLC.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Durling Middle School

100 N Ridge Rd W, Lorain, OH, 44053

Grades 5-8

0.12 miles away

D

Durling Middle School

100 N Ridge Rd W, Lorain, OH, 44053

Grades 5-8

0.12 miles away

C

Clearview High School

4700 Broadway, Lorain, OH, 44052

Grades 9-12

0.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.