Marge Kress
REALTOR®, GRI
BEDS4
BATHS2 full
MLS#5233205
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLLorain City
Property Description
Investor opportunity with owner-occupant potential! This duplex at 1423 Shaffer Drive, Lorain is currently fully occupied, generating immediate rental income with one unit leased at $900/month on a one year lease ending 07/31/2027 and the other at $800/month on a month-to-month basis, for a total gross monthly income of $1,700 Tenants pay their own gas and electric, while the owner covers water and sewer, helping keep operating expenses manageable. Whether you're looking to add a cash-flowing property to your investment portfolio or planning ahead to owner-occupy one unit while offsetting your mortgage with rental income from the other, this property offers excellent flexibility. A great opportunity for investors today and future owner-occupants or house hackers alike.
Property Features
Property Type: Multi Unit - Multiple
Basement: Other
Basement: Yes
Cooling: Other
Garage: 2
Heating: Other
Lot Size: 0.01 Acres
Roof Type: Other
Stories: 1.0
Taxes: $2,486 / year
Year Built: 1974
Feature Descriptions
Parcel#: 02-02-005-113-008
Parking: 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: Marge Kress
Agent Phone: (304) 281-1915
Agency Title: Sulek & Experts Real Estate
Estimate Your Payment
Estimated Payment
$ 584.50 per month $333.61 Principal & Interest $207.17 Property Tax $43.72 Homeowner's InsuranceChange Payment Information
Marge Kress
Cell: (304) 281-1915
Email Me
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1423 Shaffer | MLS# 5233205
This multi-family property located at 1423 Shaffer , Lorain, OH 44053 is currently listed for sale with an asking price of $149,900. Shaffer is located within the Lorain City school district. Search Lorain real estate on mkress.sulekandexperts.com today.