Price Reduced Listing
Description
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.
Details
| MLS # | 5205281 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 117 |
| Listing Provided By | Russell Real Estate Services | Tal Tamir |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| Basement | Y |
| Story(s) | 2 |
| Building(s) | 1 |
| Acreage | 0.12 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Taxes
| Tax Annual Amount | 4457 |
|---|
Area Information
| State | OH |
|---|---|
| County | Lorain |
| City | Elyria |
| Zip Code | 44035 |
| Community Name | W L Fays Add |
| Listing VS Median (in W L Fays Add) | |
Price: $203,750 low | high Med: $0 On site: 117 low | high Med: | |
Market Activity 44035
Request a showing
Request a showing
Contact
Learn More About This Property
| State | OH |
|---|---|
| County | Lorain |
| City | Elyria |
| Zip Code | 44035 |
| Community Name | W L Fays Add |
| Listing VS Median (in W L Fays Add) | |
Price: $203,750 low | high Med: $0 On site: 117 low | high Med: | |