1222 W 5th St Lorain, OH 44052
4
Beds
2
Baths
3,378
Sq Ft
9,714
Sq Ft Lot
Highlights
- Tennis Courts
- Park
- Ceiling Fan
- 2 Car Detached Garage
- Shops
- Hot Water Heating System
About This Home
As of May 2025Nice opportunity awaits the investor looking to put their mark on this property. Tenant upstairs is MTM with rent at $800 and pays electric and gas. Down unit vacant at present as tenant bought a house. Even flowing floorplan with ample size on first floor. Some updates/rehab needed but mostly cosmetic and some plumbing in bsmt. Good sized backyard with some fencing and rear deck. Dimensional shingled roof, huge 2+ bay garage with lots of storage. Partially finished basement accessible from downstairs unit. Tenant upstairs would like to stay but ready for a first floor unit somewhere....etc. Third floor attic could be further finished for additional living space. Side street location, off street parking with drive. Front porch. Can be a good income generator with some renovation/updates. Seller will not make any repairs regardless of any inspection or appraisal results. Conventional, rehab loan, DSCR, cash preferred. Quicker close. Tenant pays on time. Buyers to perform own due diligence regarding condition, parcel data and property information.
Last Agent to Sell the Property
Realtywise, Inc. Brokerage Email: 440-444-1307 rbauer@realtywise.com License #2003011130
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,076
Year Built
- Built in 1900
Lot Details
- 9,714 Sq Ft Lot
- South Facing Home
- Partially Fenced Property
- Chain Link Fence
Parking
- 2 Car Detached Garage
Home Design
- Block Foundation
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- No Cooling
- Heating System Uses Gas
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for sewer, water
- Assessor Parcel Number 02-02-026-106-036
Community Details
Amenities
- Shops
- Laundry Facilities
Recreation
- Tennis Courts
- Community Playground
- Park
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Sold | $93,000 | -2.1% | $28 / Sq Ft |
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 03/25/2025 03/25/25 | For Sale | $95,000 | +18.8% | $28 / Sq Ft |
| 05/28/2024 05/28/24 | Sold | $80,000 | -10.1% | $32 / Sq Ft |
| 03/29/2024 03/29/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $89,000 | -- | $36 / Sq Ft |
Source: MLS Now
Similar Homes in Lorain, OH
Source: MLS Now
MLS Number: 5110032
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