Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: mariog.lukach@gmail.com, 216-905-2672
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
TOUR THIS HOME
Choose a date and time to see 317 West Avenue, Elyria, OH 44035.
I will get in touch with you shortly.
Property Description
Turnkey, cash-flowing 3-unit multifamily investment with long-term stability and minimal maintenance. All three units are occupied by reliable tenants with 10+ years of residency, providing consistent income and low turnover. Tenants handle landscaping and minor repairs, reducing owner involvement. Property has been thoughtfully maintained with efficiency upgrades and minimal deferred maintenance. Recent improvements include a fully tuned and serviced boiler with replacement of dated components and new high-efficiency window/portable A/C units for each unit. Unit mix includes two 1-bed/1-bath units and one 2-bed/1-bath unit. Current rents total $1,750 per month with approximate monthly expenses of $500, producing strong net income and an attractive cap rate at asking price. All utilities are on one meter for simplified management. Ideal buy-and-hold opportunity offering immediate cash flow from day one. Don't miss this solid income-producing asset?contact agent for additional details.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Window Unit(s)
Days on Market: 23
Heating: Baseboard
Lot Size: 0.31 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $2,006 / year
Year Built: 1887
Feature Descriptions
Exterior: Aluminum Siding
Parcel#: 06-26-041-000-008
Parking: Concrete, Private
Sewer: Public Sewer
Water: Public
Local Schools
School District: Elyria City
Estimate Your Payment
Estimated Payment
$ 986.72 per month $773.32 Principal & Interest $167.17 Property Tax $46.23 Homeowner's InsuranceChange Payment Information
Print This Listingx
Select a format below, new window will open and will prompt you to print.
317 West Avenue | MLS# 5183741
This multi-family property located at 317 West Avenue, Elyria, OH 44035 is currently listed for sale with an asking price of $158,500. West Avenue is located within the Elyria City school district. Search Elyria real estate on www.leahackerman.com today.