Excellent opportunity to add a cash-flowing multifamily asset to your investment portfolio. This well-maintained brick four-unit building features four occupied units, offering immediate income with additional upside through lease-up or rent growth. Current rents include Unit 1 at $880/month (lease expires 4/30/2027), Unit 2 at $775/month (lease expires 4/30/2027), and Unit 3 at $925/month through the Lorain Metropolitan Housing Authority with lease expiring 8/31/2027. Unit 4 at $1100/month (lease expires 12/13/2026 then converts to month to month) The property features a durable brick exterior and numerous updates, including a new boiler system, helping reduce future capital expenditures. Conveniently located near shopping, dining, schools, and major highways, this property offers stable tenancy and strong rental demand. Whether you're a seasoned investor looking for a performing asset or seeking to expand your multifamily portfolio, 428 West Ave presents a compelling opportunity with immediate income and value-add potential. Perfect for a client looking to house hack! Live in one unit while the other three generates income.
Attention Investors: Cash-Flowing Duplex in Elyria. This is a large first-floor unit with three bedrooms and two full bathrooms. The bottom unit has two large family rooms, a spacious kitchen and pantry, and a laundry room that connects to a mudroom. The second floor is a 2-bedroom with one full bathroom and its own driveway. This unit has access to its own back deck and a large area for storage. Call today with any questions!
Opportunity to own century home with attached apartment closed to Ely Square. This three bedroom, one bath colonial offers a first floor bedroom that is currently being used has an office. The kitchen has been up dated with stainless steel appliances, butcher block counter tops and subway backsplash. There is a first floor laundry, updated bathroom and new carpeting. The apartment offers an updated bathroom with walk-in shower, washer/dryer hook-ups, new furnace in 2022. The kitchen is equipped with a stove and hook ups for frig and dishwasher. This property sits 0.25 acres and provides privacy with room for gatherings, a garage or simply nature watching watching.
Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.
This well-maintained, side-by-side ranch duplex offers an excellent opportunity for both investors and owner-occupants. Each unit features two bedrooms, one full bathroom, and comfortable single-level living. Durable vinyl plank flooring and fresh, neutral paint create a clean and inviting interior. The side-by-side layout provides added privacy for occupants, while the ranch-style design offers convenience and broad rental appeal. One unit is currently occupied by a stable tenant, and the second unit is vacant, creating the perfect opportunity to live in one side while collecting rental income from the other. Investors can also place a new tenant and add a solid income-producing property to their portfolio. Whether you are expanding your investment portfolio or looking for an affordable owner-occupied opportunity, this versatile duplex is worth a look!
Elyria is located in Ohio. Elyria, Ohio has a population of 52,853. Elyria is less family-centric than the surrounding county with 18.91% of the households containing married families with children. The county average for households married with children is 27.46%.
The median household income in Elyria, Ohio is $46,034. The median household income for the surrounding county is $62,390 compared to the national median of $69,021. The median age of people living in Elyria is 40.3 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 19.3 degrees. The average rainfall is approximately 38.9 inches per year, with 51.2 inches of snow per year.
