$83,000
$100,000
17.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
1 Bath
1,064 SqFt
SOLD DATE : 05/07/2025
Key Details
Sold Price $83,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,064 sqft
Price per Sqft $78
Subdivision Crisp & Pettibones Fairview
MLS Listing ID 5110238
Sold Date 05/07/25
Style Ranch
Bedrooms 4
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,064
Year Built 1958
Annual Tax Amount $2,272
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Single Family Residence
Property Description
Investor Alert! This Elyria 4-bedroom rental is tenant-occupied with a lease in place through June 2026 at $1,129/month. That means instant cash flow from day one, and it exceeds the 1% rule, making it a smart, turnkey addition to any portfolio. With current pricing, there's also room to roll in closing costs—a great opportunity for buyers looking to maximize value.
The tenants are reliable, respectful, and we aim to keep it that way, so no showings will be permitted until an acceptable offer is in hand. However, we do have a full inspection report available—just reach out to request it.
The property features durable luxury vinyl flooring throughout, smart locks for added security and ease of access, and a fully equipped kitchen with the owner-owned fridge and stove transferring with the sale. Washer and dryer are tenant-owned. Notable updates include new insulation in the ceiling and kitchen walls, furnace (2020), and hot water tank (2021).
Outside, the backyard is peaceful and private with a fruit-bearing pear tree—a unique touch tenants enjoy. Conveniently located near Midway Mall, Elyria Commons, and with quick access to I-90 and Route 57, this home sits in a high-demand rental area. Nature lovers will also enjoy proximity to Cascade Park and Black River Reservation.
Please contact us for the inspection report and more details. This is an ideal low-maintenance, income-producing property ready to go!
Location
State OH
County Lorain
Rooms
Basement None
Main Level Bedrooms 4
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features No Garage, Paved
Fence None
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-24-027-114-003
Financing Cash
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Bought with Joshua Johnson • RE/MAX Transitions
“Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."
1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States