3934 Gary AVE new Save Request In-Person Tour Request Virtual Tour
Lorain,OH 44055
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $59
Subdivision Homewood
MLS Listing ID 5143895
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,792
Year Built 1949
Annual Tax Amount $2,013
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
Welcome to 3934 Gary Avenue, a spacious duplex located in the Homewood subdivision of Lorain. This property offers an excellent opportunity for investors looking for steady rental income with strong long-term potential. Featuring two large units, each side offers approximately 1,344 square feet of comfortable living space with a practical layout. Every unit includes 2 bedrooms, 1 full bath, a sizable living room with hardwood floors, a functional kitchen, and access to a full private basement with laundry hookups and plenty of storage. Currently, both units are tenant-occupied on month-to-month leases, bringing in a combined monthly income of $1,700, making this a true turnkey investment. The home has been thoughtfully updated with a new roof in 2019, new furnaces in 2019, and energy-efficient systems that help reduce long-term maintenance costs. Tenants pay all utilities, including gas, electric, water, sewer, & trash, while the owner is only responsible for property taxes, which helps keep operating expenses low. Both units feature wood flooring in bedrooms and living areas, vinyl flooring in the bathrooms, and glass block windows in the basements for natural light and durability. Outside, the home has vinyl siding, a full covered front porch, a long paved driveway offering off-street parking, and additional street parking for convenience. The backyard is generously sized, partially fenced, landscaped, and includes a storage shed, providing outdoor space & functionality. With unfinished basements for each unit, there is ample room for storage or potential to enhance for future value. Located close to shopping, restaurants, schools, and major highways, the property is well-positioned to attract consistent rental demand. With reliable income, separate utilities, and key updates already in place, this duplex is a fantastic addition to any portfolio. Don't miss your chance to own a solid, income-producing property in Lorain with room for growth and long-term returns!
Location
State OH
County Lorain
Community Curbs,Street Lights,Sidewalks
Rooms
Basement Full,Concrete,Unfinished,Sump Pump
Interior
Interior Features Eat-in Kitchen
Heating Forced Air,Gas
Cooling None,Wall/Window Unit(s)
Fireplace No
Appliance Range,Refrigerator
Laundry Washer Hookup,Electric Dryer Hookup,In Basement,Lower Level,Laundry Tub,Sink
Exterior
Exterior Feature Storage
Parking Features Driveway,No Garage,Outside,Paved,On Street
Fence Partial,Wood
Pool None
Community Features Curbs,Street Lights,Sidewalks
View Y/N Yes
Water Access Desc Public
View City Lights,City,Neighborhood
Roof Type Asphalt,Shingle
Private Pool No
Building
Lot Description < 1/2 Acre,Back Yard,Cleared,Front Yard,Landscaped,Few Trees
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 03-00-099-115-022
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition Standard