$89,900
Active Under Contract
10 Days Online
4 Beds2 Baths2,964 SQFT
Active Under Contract

2394 Elyria Avenue Elyria, OH 44055

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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!

  • Property TypeMulti-Family
  • NeighborhoodBlack River Township
  • CountyLorain
  • Taxes$922
  • HOA/Condo/Coop Fees$0
  • Days on Site9 Days
  • MLS StatusActive Under Contract
  • MLS ID Number5068790
  • Home Size Source N/A
  • Year Built1900
  • Lot Size0.19 Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Construction Brick
  • Parking Driveway
  • Sewer Public Sewer
  • Basement FullUnfinished
  • Number of Stories 3Three Or More3
  • Acreage 0.19
  • Water Public
  • Property Sub Type Duplex
  • Attached Garage No

Interior Features

  • Cooling NoneWall Window Units
  • Heating Forced AirGas
  • Appliances RangeRefrigerator
  • Laundry Features In Basement

Exterior Features

  • Roof AsphaltFiberglass
  • Waterfront Property No
  • Exterior Balcony
  • Patio And Porch Balcony

Community Features

  • Township Elyria

Schools

School District
Elyria CSD - 4706
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$435
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