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$85,000
Est. payment /mo
3 Beds
2 Baths
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5119328
Style Colonial
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,705
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Single Family Residence
Property Description
Attention investors—don't miss this fully rented, professionally managed opportunity with the option to retain or terminate management. This spacious 4-bedroom, 2 full bath colonial features a full bath on each level for added tenant comfort, a full basement, and a walk-up third-floor attic offering potential for expansion or convenient storage. The aluminum-sided exterior includes upgraded vinyl windows and a relaxing front porch, all nestled on a quiet street in an investor-friendly city known for low property taxes and a strong Section 8 rental market. A partially fenced backyard adds to the appeal, while inside you'll find some hardwood flooring for added durability and charm. Though the property is a foreclosure and being sold as is, it offers solid mechanical updates including an upgraded electrical panel, newer hot water tank, and furnace that appear to have many years of service left. The first-floor bathroom may need flooring, and a few cosmetic touches throughout could enhance value. Average rent for a 4-bedroom, 2-bath home in this area supports excellent cash flow potential. Currently tenant-occupied, showings require some notice. This is a smart addition to any portfolio—schedule your private tour today
Location
State OH
County Lorain
Rooms
Basement Full
Interior
Heating Gas
Cooling None
Fireplace No
Exterior
Parking Features Detached, Garage, Paved
Fence Partial
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Accessibility None
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Three Or More
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-24-010-105-014
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Listed by Christopher A Frederick • Coldwell Banker Schmidt Realty • thefrederickteam@gmail.com 216-210-7653