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317 W 31st ST Lorain, OH 44055
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Key Details
Sold Price $47,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 808 sqft
Price per Sqft $58
Subdivision Daniels & Brauns
MLS Listing ID 4345028
Style Bungalow
Bedrooms 2
Full Baths 1
Year Built 1910
Annual Tax Amount $656
Lot Size 3,049 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State OH
County Lorain
Interior
Heating Forced Air, Gas
Cooling None
Exterior
Parking Features Detached, Garage, Paved
Garage Spaces 1.0
Garage Description 1.0
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Lorain Csd - 4709
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Bought with Selina N Messer • House to Home Real Estate Professionals