317 West AVE, Elyria, OH 44035
317 West AVE, Elyria, OH 44035
317 West AVE, Elyria, OH 44035
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$129,000
Est. payment /mo
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4 Beds
3 Baths
2,112 SqFt
Pending

317 West AVE Elyria, OH 44035

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Laney Ross

Laney Ross

+1(740) 310-2590

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,112 sqft

Price per Sqft $61

Subdivision Village/Elyria

MLS Listing ID 5183741

Bedrooms 4

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,112

Year Built 1887

Annual Tax Amount $2,006

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Triplex

Stories Two

Story Two

Property Description

Turnkey, cash-flowing 3-unit multifamily investment with long-term stability and minimal maintenance. All three units are occupied by reliable tenants with 10+ years of residency, providing consistent income and low turnover. Tenants handle landscaping and minor repairs, reducing owner involvement. Property has been thoughtfully maintained with efficiency upgrades and minimal deferred maintenance. Recent improvements include a fully tuned and serviced boiler with replacement of dated components and new high-efficiency window/portable A/C units for each unit. Unit mix includes two 1-bed/1-bath units and one 2-bed/1-bath unit. Current rents total $1,750 per month with approximate monthly expenses of $500, producing strong net income and an attractive cap rate at asking price. All utilities are on one meter for simplified management. Ideal buy-and-hold opportunity offering immediate cash flow from day one. Don't miss this solid income-producing asset—contact agent for additional details.

Location

State OH

County Lorain

Rooms

Basement Full

Interior

Heating Baseboard

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Concrete, Private

Water Access Desc Public

Roof Type Shingle

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Elyria Csd - 4706

Others

Tax ID 06-26-041-000-008

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition Standard

Northern Ohio Regional MLS (YES-MLS)
Listed by Marian Lukach • Keller Williams Greater Metropolitan • mariog.lukach@gmail.com, 216-905-2672

NEARBY SCHOOL & BUSINESS

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Laney Ross

Laney Ross

Broker Associate, Agent | OH & WV | License ID: WV0022606

+1(740) 310-2590

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