2394 Elyria Avenue Elyria, OH 44055
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 Site16 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