Jan Kremer
REALTOR®, Broker/Owner, ABR, CSP, SMRS, SFR
BEDS4
BATHS2 full
MLS#5205320
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWaterbury Sub #6/Part/Original
SCHOOLLorain City
Property Description
Partially leased property offering strong income growth potential at 1036 Oberlin Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This duplex-style property features one occupied unit generating $1,125 month-to-month, while the second unit is currently vacant, providing immediate upside through lease-up. Utilities are structured with the tenant paying electric and the owner responsible for water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, making it well-suited for continued income production. Ideal for investors seeking to expand their portfolio with a value-add component, this asset contributes to a larger package with built-in cash flow and long-term growth potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Other
Basement: Yes
Cooling: Other
Garage: 1
Heating: Other
Lot Size: 0.12 Acres
Roof Type: Other
Taxes: $1,437 / year
Year Built: 1920
Feature Descriptions
Days on Site: 3
Exterior: Vinyl Siding
Parcel#: 02-02-026-118-026
Parking: Detached, Garage
Sewer: Other
Water: Other
Local Schools
School District: Lorain City
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Jan Kremer
Agent Phone: (330) 697-8797
Agency Title: Kremer Realty, Inc
Estimate Your Payment
Estimated Payment
$ 532.58 per month $364.99 Principal & Interest $119.75 Property Tax $47.83 Homeowner's InsuranceChange Payment Information
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1036 Oberlin Avenue | MLS# 5205320
This multi-family property located at 1036 Oberlin Avenue, Lorain, OH 44052 is currently listed for sale with an asking price of $164,000. Oberlin Avenue is located within the Lorain City school district. Search Lorain real estate on jan.kremerrealty.com today.