2554 Denver Ave, Lorain, OH 44055

A Great Investment Opportunity in Lorain, OH Property Details A classic single-family house featuring 3 bedrooms, 1 bathroom, and 544 sqft of living space on a 4,356 sqft lot with a driveway. • Roof: Not specified • Furnace: Not specified • AC: Not specified • Plumbing: Requires infrastructure replacement • Electrical Panel: Requires complete rewire • Water Heater: Not specified The property will be delivered vacant at closing. Investment Highlights • Exceptional acquisition price of $13,500 with target wholesale price of $20,000 • Strong market conditions with 5.4% appreciation rate and homes selling in 30 days on average • Solid 1952 construction with concrete block foundation and full basement (544 sqft) • Comparable as-is property sold for $22,000 in 26 days, validating pricing strategy • Single-story ranch layout with aluminum siding exterior on a 4,356 sqft lot • Excellent rental potential with anticipated cash flow of approximately $1,000/month in an appreciating market • Very competitive market with 57% sales success rate on similar deals and average of 7 interested buyers per property • Strong investor ROI of approximately 13.4% with projected profit of $15,000-$16,000 after full gut rehab Financial Summary • ARV (After Repair Value): $100,000 - $110,000 A Wonderful Wholesale Opportunity!