Property Description

Investor opportunity with immediate income and upcoming availability! This 3-bedroom ranch offers 912 sq. ft. plus a full basement and is currently rented at $1,100 per month. Long-term tenant has given notice and plans to vacate November 30, giving the new owner flexibility for future improvements and rental plans. Major improvements include roof replacement (tear off) in Sept. '26, plus replacement windows, and a newer furnace in recent years. Annual real estate taxes are approximately $1,306. An affordable opportunity to add to your rental portfolio with several major improvements already completed!

2425 Reeves Avenue | MLS# 5249096

This single family home located at 2425 Reeves Avenue, Lorain, OH 44052 is currently listed for sale with an asking price of $89,900. This property was built in 1961 and has 3 bedrooms and 1 full baths with 1362 sq. ft. Reeves Avenue is located in the Park Plan Allotment Add 01 subdivision within the Lorain City school district. Search Park Plan Allotment Add 01 real estate on 49n5thstreetunitth14.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family

Basement: Yes

Basement: Full, Finished

Cooling: None

Days on Market: 2

Garage: 1

Heating: Forced Air, Gas

Home Style: Ranch

Lot Size: 0.16 Acres

Roof Type: Asphalt, Fiberglass

Stories: 1.0

Taxes: $1,306 / year

Year Built: 1961

Feature Descriptions

Exterior: Vinyl Siding

Laundry: In Basement

Parcel#: 02-02-017-109-002

Parking: Driveway, Detached, Garage, Gravel

Patio/Porch: Front Porch

Sewer: Public Sewer

View: Neighborhood

Water: Public

Window: Double Pane Windows

Local Schools

School District: Lorain City

Market Trends

Lorain Residential Market Trend Graphs

Zip Code 44052

Source: Delta Media Group, Inc.

Demographics

Lorain County Demographic Information for 2425 Reeves Avenue, Lorain, OH 44052

Fips

Fips Code 39093

Population

2020 to 2025 Change up 3.3%

2010 Count 301,356

2020 Count 312,964

2025 Estimate (V2025) 323,219

2020 Estimate (V2025) 312,956

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 21.1%

18 to 64 53.0%

65 and Older 20.7%

Gender

Male 49.6%

Female 50.4%

Place of Birth

Foreign 3.1%

US 96.9%

Education

High School Graduate, Age 25+ 91.8%

Bachelor's Degree or Higher, Age 25+ 28.5%

Computer and Internet use

Households with a computer 94.8%

Households with a broadband Internet subscription 88.9%

Language

English is Second Language, Age 5+ 7.8%

English is First Language, Age 5+ 92.2%

Veterans

Veterans 18,512

Income

Per Capita Income $40,798

Median Household Income $73,347

People in Poverty 10.8%

Commute

Average Work Commute Time 26 minutes

Housing

Total Housing Units 136,666

Households 127,544

Average Household Size 2.42

Owner-Occupied 74.0%

Multi-Family 17.0%

Owner-Occupied Median Value $223,200

Median selected monthly owner costs -with a mortgage $1,525

Median selected monthly owner costs -without a mortgage $629

Median gross rent $966

Building Permits

New Private Housing Issued 2024 1,331

Years at Residence

1 Year or More 90.9%

Less Than 1 Year 9.1%

Business and Employment

Private non-farm Establishments 5,664

Private non-farm Employment 89,159

Private non-farm Employment Growth 0.0%

Nonemployer Establishments 21,949

Number of Firms 4,759

Business Production

Value of Shipments $6,058,884,000

Wholesale Trade $2,315,415,000

Retail Trade $3,875,576,000

Retail Sales Per Capita $12,297

Accommodation and Food Services $444,363,000

Land

Land Area 491.10 sq. miles

Population Per Square Mile 614

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 641.38 per month $506.33 Principal & Interest $108.83 Property Tax $26.22 Homeowner's Insurance

Change Payment Information

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