309 Clinton Avenue, Elyria, OH 44035

Property Description

Investor Alert! This Elyria 4-bedroom rental is tenant-occupied with a lease in place through June 2026 at $1,129/month. That means instant cash flow from day one, and it exceeds the 1% rule, making it a smart, turnkey addition to any portfolio. With current pricing, there’s also room to roll in closing costs—a great opportunity for buyers looking to maximize value. The tenants are reliable, respectful, and we aim to keep it that way, so no showings will be permitted until an acceptable offer is in hand. However, we do have a full inspection report available—just reach out to request it. The property features durable luxury vinyl flooring throughout, smart locks for added security and ease of access, and a fully equipped kitchen with the owner-owned fridge and stove transferring with the sale. Washer and dryer are tenant-owned. Notable updates include new insulation in the ceiling and kitchen walls, furnace (2020), and hot water tank (2021). Outside, the backyard is peaceful and private with a fruit-bearing pear tree—a unique touch tenants enjoy. Conveniently located near Midway Mall, Elyria Commons, and with quick access to I-90 and Route 57, this home sits in a high-demand rental area. Nature lovers will also enjoy proximity to Cascade Park and Black River Reservation. Please contact us for the inspection report and more details. This is an ideal low-maintenance, income-producing property ready to go!