2867 Garfield Blvd, Lorain, OH 44052

Description

Turnkey cash-flowing single family in Lorain with major capital improvements already completed. This recently renovated 3-bedroom, 1-bath home is currently rented at $1,200/month with tenants paying ALL utilities, creating an extremely efficient operating structure for investors. At $99,000, this property delivers a strong 9.52% cap rate from day one.

The property has received substantial upgrades including a new furnace, basement wall reinforcement with steel I-beams, professional interior waterproofing system with sump pump, and beautiful new vinyl plank flooring, paint, and cabinets throughout. The 2-story layout features an open living and dining area flowing into ...