7944 Lorain Avenue, Cleveland, OH 44102
- $155,000
- 4
- BD
- 2
- BA
- 2,548
- SqFt
- List Price
- $155,000
- Status
- ACTIVE
- Stories
- 2
- MLS#
- 5229096
- Year Built
- 1905
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,548
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- James M Hoyts Allotment
Property Description
Opportunity on Lorain Ave! This large brick double offers over 2,500 square feet of living space with a current 4-bedroom, 2-bath configuration and plenty of room to add value. The upstairs unit is tenant occupied at $820/month, providing immediate income, while the first-floor unit was recently vacated and is nearly move-in ready with some TLC. The oversized footprint creates additional upside for an investor looking to improve rents and long-term value, with potential to reconfigure or add an additional bedroom. Similar multifamily properties in the area have sold above $200,000, making this an attractive opportunity for an investor looking to force appreciation through relatively straightforward improvements. Solid brick construction, strong square footage, existing rental income, and a vacant unit ready for finishing touches make 7944 Lorain Ave a compelling addition to a rental portfolio or value-add investment strategy. Property is being sold as-is. End buyers only, no wholesale contracts, no creative financing.
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Additional Information
- Taxes
- $2,222
- Acres
- 0.11
- Sewer
- Public Sewer
- Roof
- Asphalt
- Water
- Public
- Garage Spaces
- 3
- Heating
- Forced Air
- Cooling
- None
- School District
- Cleveland Municipal - 1809
Mortgage Calculator
Listing Courtesy of: Michael L Magno, michael@themagnogroup.com With Keller Williams Living
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