Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Mark Talis
Agent Phone: (614) 554-6355
Agency Title: Cutler Real Estate
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Property Description
Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Other
Basement: Yes
Cooling: Other
Days on Market: 30
Garage: 1
Heating: Other
Lot Size: 0.17 Acres
Roof Type: Other
Stories: 2.0
Taxes: $1,404 / year
Year Built: 1900
Feature Descriptions
Parcel#: 02-01-003-171-014
Parking: Detached, Garage
Sewer: Other
Water: Other
Local Schools
School District: Lorain City
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Estimated Payment
$ 849.70 per month $693.32 Principal & Interest $117.00 Property Tax $39.38 Homeowner's InsuranceChange Payment Information
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407 W 22nd Street | MLS# 5205297
This multi-family property located at 407 W 22nd Street, Lorain, OH 44052 is currently listed for sale with an asking price of $135,000. W 22nd Street is located within the Lorain City school district. Search Lorain real estate on mtalis.cutlerhomes.com today.