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$ 399,000
Est. payment /mo
Active
1404 Long AVE Lorain, OH 44052
5 Beds
5 Baths
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5175137
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,940
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Quadruplex
Property Description
Rare opportunity to own a piece of Lorain history. The well-known Urban 19 Building presents an excellent investment opportunity with strong cash flow and room to grow. This beautifully maintained and updated brick property features four 1-bedroom, 1-bath apartments and one studio apartment, all tastefully updated and fully occupied. Four of the five units include newer heating systems, and residents enjoy wide, spacious hallways that add comfort and charm throughout the building. The property also offers a street-level storefront that is currently vacant, providing great potential for additional rental income or an ideal owner-operated business space. Current residential rents generate $3,450 per month, with upside available by leasing the commercial unit or adjusting rents. Major updates include a newer roof and six newer hot water heaters, ensuring long-term durability and peace of mind. Located near Black River Landing, Lake Erie, and Lorain's growing downtown waterfront events and recreation, this property is positioned in one of the city's most vibrant and revitalizing areas. The Urban 19 Building is a rare blend of character, updates, location, and income potential—don't miss your chance to own a piece of Lorain's history!
Location
State OH
County Lorain
Rooms
Basement Common Basement
Interior
Heating Baseboard, Electric, Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway, On Street
Water Access Desc Public
Roof Type See Remarks
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-01-006-130-045
Special Listing Condition Standard
Listed by Teresa L Kaurich • Berkshire Hathaway HomeServices Lucien Realty • [email protected], 440-258-4678
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