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2394 Elyria AVE Elyria, OH 44055
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Key Details
Sold Price $86,000
Property Type Single Family Home, Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,964 sqft
Price per Sqft $29
Subdivision Black River Township
MLS Listing ID 5068790
Bedrooms 4
Full Baths 2
Year Built 1900
Annual Tax Amount $922
Tax Year 2023
Lot Size 8,276 Sqft
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!
Location
State OH
County Lorain
Rooms
Ensuite Laundry In Basement
Interior
Laundry Location In Basement
Heating Forced Air, Gas
Cooling None, Wall/Window Unit(s)
Laundry In Basement
Exterior
Exterior Feature Balcony
Garage Driveway
Waterfront No
Roof Type Asphalt,Fiberglass
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Elyria Csd - 4706
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Bought with Kim Lewis • Home Equity Realty Group