2394 Elyria Avenue, Elyria, OH 44055
- $86,000
- 4
- BD
- 2
- BA
- 2,964
- SqFt
- Sold Price
- $86,000
- List Price
- $89,900
- Status
- CLOSED
- Days on Market
- 21
- Closing Date
- Sep 30, 2024
- MLS#
- 5068790
- Subtype
- Residential Income
- Year Built
- 1900
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,964
- Acres
- 0.19
- Subdivision
- Black River Township
- Neighborhood
- Black River Township
- MLS Area Major
- Elyria
Property Description
Attention all investors! All-brick exterior duplex is the perfect opportunity for the beginning investor or a great addition to your existing portfolio. One unit is currently vacant for easy showings, but it's rent-ready for an owner-occupant (live in one unit and let the other cover your mortgage) or rent both units to maximize revenue. First-floor unit is tenant-occupied & will be shown to serious buyers only. Includes a 3rd-floor walk-up, easily accessible from either unit, providing valuable storage or potential expansion space. Each 2-bedroom, 1-bath unit features a desirable floor plan, well-lit w/hardwood & hard surface flooring throughout. Market rent is approximately $795 per month, appliances included. Tenants pay for gas/electric, while the owner covers water/sewer/trash. Full basement offers washer/dryer for tenant use if desired. Recent updates include a newer roof, updated electrical, & 2021 hot water tank. Property is self-managed by an out-of-state investor, but professional management services are available for a smooth transition. 2nd-floor unit, 3rd floor attic, & basement are easy to show on short notice. Great SECTION 8 property, low taxes/expenses, low regulation with no lead certification requirement. Don’t miss this lucrative opportunity—schedule your tour today!
Additional Information
- Exterior Features
- Balcony
- Taxes
- $922
- Appliances
- Range, Refrigerator
- Heating
- Forced Air, Gas
- Air Conditioning
- None, Wall/Window Unit(s)
- Stories
- 3
- Levels
- Three Or More
- 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.Mortgage Calculator
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