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1004 East Avenue , Elyria, OH 44035

$179,900
  • 1004 East Avenue , Elyria, OH 44035 Main Photo

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New to the Market Active
BEDS7 BATHS4 full SQUARE FEET4,004 MLS#5209788
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONEast Ave SCHOOLElyria City

Property Description

Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don't miss this unique riverfront multifamily opportunity!

1004 East Avenue | MLS# 5209788

This multi-family property located at 1004 East Avenue , Elyria, OH 44035 is currently listed for sale with an asking price of $179,900. East Avenue is located within the Elyria City school district. Search Elyria real estate on www.progressiveurban.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Walk-Out Access
Cooling: None
Heating: Baseboard, Electric, Forced Air, Gas
Lot Size: 2.24 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,248 / year
Year Built: 1900

Feature Descriptions

Exterior: Other, Vinyl Siding, Wood Siding
Laundry: Laundry Room
Lot: Waterfront
Parcel#: 06-26-020-000-010
Parking: Driveway, Gravel
Sewer: Public Sewer
Water: Public
Water Features: River Front, Waterfront

Local Schools

School District: Elyria City

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653

Shown By

Agency Title: Progressive Urban Real Estate
Agency Phone: (216) 619-9696

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Estimated Payment

$ 556.85 per month $400.38 Principal & Interest $104.00 Property Tax $52.47 Homeowner's Insurance

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