LORAIN, OH 44055

Beautiful Brick Duplex in South Lorain, OhioDiscover an exceptional investment opportunity with this beautiful brick duplex located on the south side of Lorain, Ohio. Currently tenant-occupied, this property features two units, each with two bedrooms and one bathroom. At present, one side is generating $1,000 in rent, while the other side is bringing in $700. However, there is significant potential to increase rents to $1,500 for each unit, maximizing your investment return.Property Highlights: • Newer Systems: Both units are equipped with newer water tanks, furnaces, and electrical systems, ensuring low maintenance for years to come. • Prime Location: Situated directly across from Oakwood Park, residents can enjoy recreational opportunities and green space right at their doorstep. • Community Development: The area is undergoing exciting renovations as part of the Southside Gateway Community Plan. This initiative aims to enhance mixed-income housing, improve infrastructure, and foster business development in South Lorain.Recent Developments in the Area: • The Lorain Metropolitan Housing Authority is working on transforming the Southside Gardens area, which includes plans for energy-efficient housing and upgraded public amenities. • The city has completed Phase 1 of the Pellet Terminal Remediation and Redevelopment Project, addressing environmental concerns and paving the way for future public destinations that will enhance community vibrancy. • A new $1.3 million park has recently opened at the corner of 30th Street and Vine Avenue, marking a substantial investment in local recreational facilities. • Furthermore, the Greater Cleveland Regional Transit Authority received a federal grant to study the Lorain Corridor for potential bus rapid transit development, improving public transportation options.This duplex not only offers immediate rental income but also sits at the heart of a revitalizing community poised for growth. Act now and invest in a property that promises both stability and potential in a flourishing neighborhood.Recently Solds1794 E 33rd St Lorain, OH 44055Last Sold $165,0003/6/261850 E 32nd StLorain OH 44055Last Sold $210,8297/20/26