317 W 31st Street
Lorain, OH 44055
- 2 beds
- 1 bath
- 808 sqft
- 3,049 sqft lot
- $58 per sqft
- 1910 build
- – on site
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Investors will love this income property. Close to downtown Lorain on a nice street with a great Tenant who wants to stay. The home is very clean and sound with 2 bedrooms, one of which is actually 2 rooms itself. The natural woodwork through-out the home is beautiful. The current Tenant has been there for 2 years and pays $750 per month rent. They maintain the yard and electric and gas are in their name. The current lease is through December 2022, and they would like a longer lease if a new buyer would allow. With a gross income of 9K per year and Operating Costs including taxes, insurance, water, trash and maintenance of less than $3K per year makes a very sound CAP Rate for any investor. Act quick to schedule a showing of this home as it shouldn't be on the market long.
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Last updated Dec 11, 2023
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MLS# 4345028 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/11/22
Mar 11, 2022
|
Sold | MLS_NOW | $47,500 |