Listed By
Agency Name: Keller Williams Living
Agency Contact: michael@themagnogroup.com, 216-236-8849
Shown By
Agent Name: Meyer & Dial
Agent Phone: (614) 340-9660
Agency Title: Cutler Real Estate
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Property Description
Opportunity on Lorain Ave! This large brick double offers over 2,500 square feet of living space with a current 4-bedroom, 2-bath configuration and plenty of room to add value. The upstairs unit is tenant occupied at $820/month, providing immediate income, while the first-floor unit was recently vacated and is nearly move-in ready with some TLC. The oversized footprint creates additional upside for an investor looking to improve rents and long-term value, with potential to reconfigure or add an additional bedroom. Similar multifamily properties in the area have sold above $200,000, making this an attractive opportunity for an investor looking to force appreciation through relatively straightforward improvements. Solid brick construction, strong square footage, existing rental income, and a vacant unit ready for finishing touches make 7944 Lorain Ave a compelling addition to a rental portfolio or value-add investment strategy. Property is being sold as-is. End buyers only, no wholesale contracts, no creative financing.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Garage: 3
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $2,222 / year
Year Built: 1905
Feature Descriptions
Exterior: Brick
Laundry: In Unit
Parcel#: 006-06-065
Parking: Driveway
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,024.36 per month $793.99 Principal & Interest $185.17 Property Tax $45.21 Homeowner's InsuranceChange Payment Information
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7944 Lorain Avenue | MLS# 5229096
This multi-family property located at 7944 Lorain Avenue, Cleveland, OH 44102 is currently listed for sale with an asking price of $155,000. Lorain Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.meyeranddial.com today.