Exceptional value-add opportunity in Lorain with this 5-unit multifamily property plus a stand-alone efficiency unit, located at 2914-2916 Seneca Ave. All units are separately metered for gas and electric, with tenants paying their own utilities, keeping operating costs low for the owner. The property has seen approximately $38,000 in recent renovations completed by the previous owner, including updates to unit interiors and building systems. Two units are rent-ready, while one unit needs light finishing (bathroom drywall and cleaning). The remaining three units are already occupied, offering immediate income. Current rents include $998 for Unit E, $415 for Unit C (well below market, with room for increase), and $700 for the stand-alone efficiency unit. All main building units are 1-bedroom layouts, with several offering a bonus room that adds to their rental appeal. Additional features include a basement with sump pumps, water heaters, and furnaces, as well as an unused garage space with the potential to be converted into an additional income-producing unit. This is a prime opportunity for an investor to complete minor improvements, lease up the remaining units, and realize strong cash flow and long-term ROI.