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For sale about 1 month ago

$260,000

6+ bd 4+ ba 2700 sqft

1234 W. 6th , Lorain, OH 44042

Residential Quadplex Occupied Off MLS

Current Rent **

$3,010

Projected Rent **

$3,175

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $775
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 700 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $735
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 600 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $775
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 700 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent: $725
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 700 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Quadplex • $3010 Monthly Rents

Discover an incredible investment opportunity with this charming quadplex located in the heart of Lorain, Ohio. Just two blocks from the serene shores of Lake Erie, this property offers both tranquility and convenience in a quiet, welcoming neighborhood. Priced at $260,000, this quadplex generates an impressive $3,010 in monthly rental income, making it a lucrative addition to any real estate portfolio.

Location:

1234 W. 6th , Lorain, OH 44042

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.