1318 Middle Avenue, Elyria, OH 44035

Property Description

Welcome to 1318 Middle Ave in Elyria, a duplex full of potential and an excellent opportunity for investors or owner-occupants looking to build equity. With projected HUD Fair Market Rent exceeding $2,000 per month, this property offers strong income potential while leaving room for future appreciation. Many of the major improvements have already been completed, including a new roof in 2021, along with newer windows, a newer front porch, and some updated siding. Combined with recent fixture updates in the kitchen and bathroom, this property is truly turnkey and ready for its next owner. The first-floor unit offers one bedroom, while the second-floor unit features two bedrooms, including a finished third-floor dormer that provides additional living space and flexibility. Both the upstairs and downstairs refrigerators and stoves will convey with the sale. Separate gas and electric meters, along with separate water heaters for each unit, make utility management simple. Both units also have access to the basement, complete with laundry hookups. Whether you're looking for your next investment property, a house hack, or a duplex with solid bones and room to add value over time, 1318 Middle Ave offers the perfect combination of immediate cash flow, major capital improvements and future upside. Make your appointment today!