622 Middle Avenue, Elyria, OH 44035

$150,000
5
BD
2
BA
3,920
SqFt

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Sold Price
$150,000
List Price
$149,900
Status
CLOSED
Days on Market
47
Closing Date
Sep 17, 2024
MLS#
5058463
Subtype
Residential Income
Year Built
1925
Bedrooms
5
Bathrooms
2
Full Baths
2
Living Area
3,920
Acres
0.09
Subdivision
O Bowen & William S Wallaces
Neighborhood
O Bowen & William S Wallaces
MLS Area Major
Elyria

Property Description

Attention All Investors...Well maintained, affordable TRIPLEX, fully occupied with quality tenants, trunkey professional management in place (management can remain if new owner would like), ample parking in a desirable city w/limited regulation, great tenant pool, low property taxes, no lead certification requirement...rents are well below market rent w/increases possible. Attractive units, beautiful hardwood floors, decorative fireplaces w/well thought out & comfortable floor plans for happy tenants. Quality location near restaurants, entertainment, highways, shopping and public transit. Unit #1: 2 bedroom $700, Unit #2: 2 bedroom $750, Unit #3 $550: 1 bedroom. Overall the property is in good condition, exterior could be spruced up a bit cosmetically but interiors look good. Owner lives out of the country and is selling their portfolio...Cash flow from day one, add to your existing portfolio or start your investing journey today. Proof of funds or preapprovals needed before showings are approved and only serious investors. No wholesalers.

Additional Information

Taxes
$1,391
Heating
Forced Air, Gas
Air Conditioning
None
Stories
2
Levels
Two
Roof
Asphalt, Fiberglass
Parking Features
Driveway
School District
Elyria CSD - 4706

Listing Courtesy of: Christopher A Frederick, thefrederickteam@gmail.com With Coldwell Banker Schmidt Realty

Selling Office: Home Equity Realty Group.

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