$1,200,000
UNDER CONTRACT

1725 Reid Ave Lorain, OH 44052

Estimated payment $6,479/month

Total Views 11,190
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot
  • Private Yard
  • Forced Air Heating and Cooling System

About This Home

Don't miss out on this solid portfolio of 14 single Family homes, located in Lorain, OH, that's 100% occupied with Long term tenants all built in 2007. 4 of the tenants have been there since 2007, the newest tenant since 2019. Seven 3 bedrooms 1.5 Baths & Seven 4 bedrooms 2.5 bathroom homes with full basements all with 2 car garages. Priced to sell as a package just under 86k each, homes are valued at approx 130-135k.

Listing Agent

Deon Davis

Howard Hanna License #2001020944 Listed on: 09/22/2025

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,847

Year Built

  • Built in 2007

Lot Details

  • Corner Lot
  • Private Yard

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Dishwasher
  • Electric Dryer Hookup

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • The owner pays for exterior maintenance, repairs, sewer, taxes, water
  • Assessor Parcel Number 0201003154013 - See EXHIBIT A

Community Details

Overview

  • 14 Buildings
  • 14 Units

Building Details

  • 14 Leased Units
  • Net Operating Income $12,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,847

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 2007
  • Lot Size: n/a
  • Subdivision Name: None
  • Carport Y N: No
  • Special Features: 4224

Interior Features

  • Number Of Buildings: 14
  • Owner Pays: Exterior Maintenance, Repairs, Sewer, Taxes, Water
  • Has Basement: Full
  • Basement YN: Yes
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Lot Features: Corner Lot
  • Disclosures: Property Disclosure
  • Construction Type: Vinyl Siding
  • Exterior Features: Private Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Utilities: Cable Connected
  • Sewer: Sanitary Sewer, Storm Sewer
  • Appliances: Dishwasher, Water Heater, Gas Range Connection, Refrigerator
  • Cooling: Central Air
  • Laundry Features: Electric Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Other

Lot Info

  • Parcel #: 0201003154013 - See EXHIBIT A

Rental Info

  • Lease Term: ["12 Months"]
  • Tenant Pays: Electricity, Gas, Lawn Care

Multi Family

  • Net Operating Income: 12526.0
  • Number Of Units Total: 14
  • Number Of Units Leased: 14
  • Total Actual Rent: 12526.0

MLS Schools

  • Elementary School: Other
  • HighSchool: Other

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,847 $43,701 $1,925 $41,776
2023 $2,400 $45,430 $1,712 $43,719
2022 $90 $1,712 $1,712 $0
2021 $90 $1,712 $1,712 $0
2020 $91 $1,510 $1,510 $0
2019 $91 $1,510 $1,510 $0
2018 $99 $1,510 $1,510 $0
2017 $105 $1,700 $1,700 $0
2016 $104 $1,700 $1,700 $0
2015 $101 $1,700 $1,700 $0
2014 $94 $1,580 $1,580 $0
2013 $93 $1,580 $1,580 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2025 09/22/25 For Sale $1,200,000 -- --
Source: Northwest Ohio Real Estate Information Service (NORIS)

Purchase History

Date Type Sale Price Title Company
Limited Warranty Deed -- 1St Nationwide Title Agency
Source: Public Records

About the Listing Agent

Deon Davis

Howard Hanna

(440) 737-3934

Section Image

Since 2001 serving my Clients with Integrity, Exceptional Customer service, Aggressive negotiating skills, are my Top Priorities. As your Agent I determine the fair market value, create a marketing plan for the property & scheduling showings.

Deon's Other Listings

  • 5029 Kellogg Rd, Toledo, OH 43615

    $275,000

    • 5 Beds
    • 3 Baths
    • 4,185 Sq Ft
    • 5029 Kellogg Rd
    • Toledo, OH

    Check out this spacious Ranch Style home that was rebuilt in the Early 2000s that features high ceilings. Plenty of storage, located near shopping, Recreation, & a library.

    Deon Davis Howard Hanna

    Section Image
  • 2206 Farm View Ct Unit 2206, Toledo, OH 43615

    $245,000

    • 3 Beds
    • 2.5 Baths
    • 1,762 Sq Ft
    • 2206 Farm View Ct
    • Unit 2206
    • Toledo, OH

    This Condo is in absolute move in condition, perfect for those ready to downsize. It has 2 Primary Bedrooms 1 on the 1st Floor & 1 on the 2ndfloor. It's close to shopping & restaurants & entertainment. The Roof is 3 yrs old, new Kitchen backsplash, 3 new Toilets, beautifullylandscaped. All the mounted TVs stay. No HOA, Call for a private showing today

    Deon Davis Howard Hanna

    Section Image
  • 1133 Sherman St, Toledo, OH 43608

    $50,000 Sold Aug 01, 2025

    • 3 Beds
    • 1 Bath
    • 1,080 Sq Ft
    • 1133 Sherman St
    • Toledo, OH

    Nice investment property that has 1st floor bedroom and bathroom, updated kitchen, electrical & new furnace, freshly painted throughout & all new carpet. Area rents 900- 1000 per month. Call for appointment today

    Deon Davis Howard Hanna

  • 901 Lincoln Ave, Toledo, OH 43607

    $245,000 Sold Feb 28, 2025

    • 7,361 Sq Ft
    • 901 Lincoln Ave
    • Toledo, OH

    This is a great opportunity to own this fully occupied 4 unit apartment near downtown that has lots of character. Each unit has a decorative fireplace & natural woodwork. Updates include Kitchen & Baths, Electrical, Plumbing & new Heating Systems, new Roof. All have separate full dry basements with new Glass Block windows & Separate utilities. Tenants are all on month to month. Call for a

    Deon Davis Howard Hanna

  • 2553 Georgetown Ave, Toledo, OH 43613

    $158,000 Sold Dec 12, 2024

    • 3 Beds
    • 1 Bath
    • 1,490 Sq Ft
    • 2553 Georgetown Ave
    • Toledo, OH

    This spacious West Toledo home has lots of updates, including fresh paint throughout, new roof, new HVAC, and new water heater. Features beautiful hardwood floors throughout. Partial finished basement could be used as a 4th Bonus Bedroom or recreation- has a fire place. Close to Blessed Sacrament, the West Toledo YMCA, plenty of Shopping & Restaurants and close to expressways. It's ready for

    Deon Davis Howard Hanna

  • 4307 S Watercrest Dr, Toledo, OH 43614

    $215,000 Sold Apr 24, 2025

    • 3 Beds
    • 2 Baths
    • 1,678 Sq Ft
    • 4307 S Watercrest Dr
    • Toledo, OH

    Don't miss out on this end unit Ranch Style Condo located in the Heatherdowns Eastgate area. Close to Recreation, shopping, & entertainment. A perfect property to downsize to, no more lawn mowing or shoveling snow. It's been freshly painted the wood floors have been sanded & refinished. it Features Master Bath Jacuzzi Tub with separate shower, a walk-in closet, private patio, and a Gas fireplace.

    Deon Davis Howard Hanna

  • 4416 Copper Creek Ln, Toledo, OH 43615

    $176,000 Sold May 30, 2025

    • 3 Beds
    • 1.5 Baths
    • 1,634 Sq Ft
    • 4416 Copper Creek Ln
    • Toledo, OH

    This one owner home will make a great starter. It is in absolute move in condition that features stainless steel appliances, finished lower level, 2 decks for entertaining, fenced in back yard, close to shopping restaurants and Swan Creek Metro Park. This one won't last call to schedule a private tour today.

    Deon Davis Howard Hanna

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6136142

Northwest Ohio Real Estate Information Service (NORIS)

APN: 02-01-003-147-007