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622 Middle AVE Elyria, OH 44035
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Key Details
Sold Price $150,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,920 sqft
Price per Sqft $38
Subdivision O Bowen & William S Wallaces
MLS Listing ID 5058463
Sold Date 09/17/24
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,720
Year Built 1925
Annual Tax Amount $1,391
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Attention All Investors...Well maintained, affordable TRIPLEX, fully occupied with quality tenants, trunkey professional management in place (management can remain if new owner would like), ample parking in a desirable city w/limited regulation, great tenant pool, low property taxes, no lead certification requirement...rents are well below market rent w/increases possible. Attractive units, beautiful hardwood floors, decorative fireplaces w/well thought out & comfortable floor plans for happy tenants. Quality location near restaurants, entertainment, highways, shopping and public transit. Unit #1: 2 bedroom $700, Unit #2: 2 bedroom $750, Unit #3 $550: 1 bedroom. Overall the property is in good condition, exterior could be spruced up a bit cosmetically but interiors look good. Owner lives out of the country and is selling their portfolio...Cash flow from day one, add to your existing portfolio or start your investing journey today. Proof of funds or preapprovals needed before showings are approved and only serious investors. No wholesalers.
Location
State OH
County Lorain
Rooms
Basement Partial, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry In Basement
Exterior
Garage Driveway
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-26-030-000-002
Financing Cash
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Bought with Charles Lewis • Home Equity Realty Group