1729 West 12th Street, Lorain, Ohio 44052, USA

A Great Investment Opportunity in Lorain, OH

Property Details

A classic single-family house featuring 3 bedrooms, 1 bathroom, and 996 sqft of living space on a 8,276 sqft lot with a detached 2-car garage.

• Roof: Fair

• Furnace: Good

• AC: Good

• Plumbing: Old

• Electrical Panel: Good

• Water Heater: Good

The property will be delivered vacant at closing.

Investment Highlights

• Buy and hold opportunity with strong cash flow potential at $1,200/month rent generating $240 positive monthly cashflow

• Rent-ready condition featuring hardwood floors, vinyl windows, and newer kitchen

• Full finished basement (996 sqft) with half bath and recreation room/office space

• Hot market with low inventory (only 4 active and 3 pending listings), fast sales in single-digit days, and common overbids

• Prime micro-location backed against wooded area, walking distance to Lakeview Park (Metro Park) with beach access, ball fields, and tennis courts

• Within 10 minutes of major shopping (Walmart, Home Depot) and local dining

• Proven track record: 56% sales success rate in this zipcode with average 10 interested buyers per deal

• Only $15K in cosmetic rehab needed for cleanout, paint, minor updates, and landscaping

• Potential ARV upside to $140K if basement half bath is converted to full legal bathroom

Financial Summary

• ARV (After Repair Value): $135,000 - $145,000

A Wonderful Wholesale Opportunity!