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$253,000
Est. payment /mo
4 Beds
4 Baths
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision W L Fays Add
MLS Listing ID 5205281
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1900
Annual Tax Amount $4,457
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
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.
Location
State OH
County Lorain
Rooms
Basement Other
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Other
Roof Type Other
Private Pool No
Building
Sewer Other
Water Other
Level or Stories Two
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-24-087-101-019
Special Listing Condition Standard
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Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
Nearby Locations
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