Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Other
Cooling: None
Heating: Other
Lot Size: 0.12 Acres
Roof Type: Other
Stories: 2.0
Taxes: $4,457 / year
Year Built: 1900
Feature Descriptions
Exterior: Frame, Other
Parcel#: 06-24-087-101-019
Parking: Driveway
Sewer: Other
Water: Other
Local Schools
School District: Elyria City
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Estimated Payment
$ 1,731.18 per month $1,285.97 Principal & Interest $371.42 Property Tax $73.79 Homeowner's InsuranceChange Payment Information
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122 Elbe Street | MLS# 5205281
This multi-family property located at 122 Elbe Street, Elyria, OH 44035 is currently listed for sale with an asking price of $253,000. Elbe Street is located within the Elyria City school district. Search Elyria real estate on www.leahackerman.com today.