818-824 S Central Drive
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$275,000

818-824 S Central Drive
Lorain, OH 44052
Listed by Darren T Mancuso · EXP Realty, LLC.
Bedrooms
9
Bathrooms
4
Living area
3,624 sqft
Year built
1943

About this home

Excellent investment opportunity featuring a fully occupied four-unit property in Lorain. This quadplex offers four separate units, providing diversified rental income and strong appeal for investors seeking to add an income-producing asset to their portfolio. The property is fully occupied, allowing a new owner to take over an established rental operation from day one. Conveniently located near shopping, dining, schools, parks, and major roadways, this property offers easy access throughout Lorain and surrounding communities.

Property details

MLS #
5231802
Property type
Quadruplex
Subdivision
Central Park Homes
Status
Active
Days on market
N/A
On market date
N/A
Stories
2
Garage spaces
N/A
Lot size
0.33 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Washington Elementary School
0.31 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
267
Student:teacher ratio
15.7:1
District
Lorain City
Middle
General Johnnie Wilson Middle School
0.27 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
453
Student:teacher ratio
17.4:1
District
Lorain City
High
New Beginnings
0.8 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
103
Student:teacher ratio
20.6:1
District
Lorain City

Mortgage calculator

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Est. monthly payment
$1,806/mo
$55,000 down
$220,000 loan
Principal & interest$1,427
Property tax (est.)$229
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 21 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.