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1423 Shaffer Lorain, OH 44053
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Key Details
Sold Price $145,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5233205
Sold Date 09/17/26
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1974
Annual Tax Amount $2,486
Tax Year 2025
Lot Size 435 Sqft
Acres 0.01
Property Sub-Type Duplex
Stories One
Story One
Property Description
Investor opportunity with owner-occupant potential! This duplex at 1423 Shaffer Drive, Lorain is currently fully occupied, generating immediate rental income with one unit leased at $900/month on a one year lease ending 07/31/2027 and the other at $800/month on a month-to-month basis, for a total gross monthly income of $1,700 Tenants pay their own gas and electric, while the owner covers water and sewer, helping keep operating expenses manageable. Whether you're looking to add a cash-flowing property to your investment portfolio or planning ahead to owner-occupy one unit while offsetting your mortgage with rental income from the other, this property offers excellent flexibility. A great opportunity for investors today and future owner-occupants or house hackers alike.
Location
State OH
County Lorain
Rooms
Basement Other
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Other
Roof Type Other
Private Pool No
Building
Sewer Other
Water Other
Level or Stories One
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-02-005-113-008
Financing Cash
Special Listing Condition Standard
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Bought with Tal Tamir • Russell Real Estate Services
NEARBY SCHOOLS & BUSINESSES
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