USAOHLorainEuclid Erie Pk Sub2867 Garfield Blvd
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2867 Garfield Blvd, Lorain, OH

House

For Sale

Listed price in listed location currency (USD).
$99,000

310

MLS® 5182050

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1221 sqft
Garage No
Taxes $1,413
Days Active 0
Lot Size 0.14 acres
Approx. Age 1946
Avg. Price Per Sqft $81
MLS® Number 5182050

Property Address: 2867 Garfield Blvd, Lorain, OH, 44052-2561

Average square foot calculated using Size range provided by listing agent.

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 the updated kitchen with modern white cabinetry and black appliances. The numbers work: $14, 400 gross rent against $4, 971 in operating expenses (taxes, insurance, management, vacancy, and maintenance reserves) yields a $9, 429 NOI. Finance with 20% down at 6.5% and you're looking at $280/month cash flow, 16.18% cash-on-cash return, and a 1.55 DSCR. The current owner is willing to continue managing the property at 10% for completely turnkey operation. Large backyard with storage shed and driveway parking add to the appeal. Excellent entry point for investors looking to break into the Lorain market or add a stable performer to their portfolio.
MLS® Number5182050
Laundry Level
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageNo
Approx. Age1946
BasementUnfinished
DrivewayAsphalt
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 21, 2026List Date
$99,000List Price

Home Appraisal

This property is estimated to sell between: $99,000 and $190,000.
Similar properties in this area sold on average for: $159,218
Expected to sell in 32 days. Similar properties sold in 32 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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2867 Garfield Blvd, Lorain, OH

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