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2533 East 31st St,
Lorain, OH 44055

$62,500 MLS: 3826746

This building features 4 units. The first apartment features living room with newer carpeting, kitchen with vinyl flooring and access to basement, 1 bedroom with built in dresser and window seat. Apartment 2 is the same as a apartment 1 but also includes a mudroom. Apartment 3 is on the 2nd level of this property, it features a living room, kitchen with a door to the 2nd story escape route, 4 bedrooms with the master having a walk-in closet. The 4th unit only has access from the apartment 3 and needs rehab. The basement of the property has glass block windows w/vents, 2 furnaces & 3 h20 tanks. Per section 8, the first floor units can be rented for $525 each a month and top floor can rent for $1090 a month. Potential yearly rental income of $26,000
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