$203,750
About this home
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.
Property details
- MLS #
- 5205281
- Property type
- Quadruplex
- Subdivision
- W L Fays Add
- Status
- Active
- Days on market
- 107
- On market date
- N/A
- Stories
- 2
- Garage spaces
- N/A
- Lot size
- 0.12 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 432
- Student:teacher ratio
- 18.0:1
- District
- Elyria City Schools
- Enrollment
- 355
- Student:teacher ratio
- 10.8:1
- District
- Elyria City Schools
- Enrollment
- 1,667
- Student:teacher ratio
- 16.2:1
- District
- Elyria City Schools
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 6 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.