Property Description

4-unit investor special! 2 buildings, one building on George St has 3 apartments, and the second building is the storefront. Total rents would be approximately $3000/mo fully-rented, professional management in place. Sturdy brick construction with newer roofs and vinyl siding, plus many updates such as: newer furnaces (one unit is heated by a boiler), storefront has central AC, upgraded electric panels, newer hot water tanks, separately-metered gas and electric, plus a 1-car garage. Great location near shopping, schools, freeway access and more! Just a little work to get this building up and running again.

1115 East Avenue | MLS# 5126634

This multi-family property located at 1115 East Avenue, Elyria, OH 44035 is currently listed for sale with an asking price of $165,000. East Avenue is located within the Elyria City school district. Search Elyria real estate on 2210scrollroadsw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Unfinished

Basement: Yes

Cooling: Central Air

Days on Market: 171

Garage: 1

Heating: Forced Air, Gas, Hot Water, Steam

Lot Size: 0.10 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $4,405 / year

Year Built: 1921

Feature Descriptions

Community Features: Medical Service, Playground, Park, Shopping

Exterior: Brick, Vinyl Siding

Parcel#: 06-26-014-102-034

Parking: Driveway, Garage

Sewer: Public Sewer

Water: Public

Local Schools

School District: Elyria City

Demographics

Lorain County Demographic Information for 1115 East Avenue, Elyria, OH 44035

Fips

Fips Code 39093

Population

2020 to 2023 Change up 1.6%

2010 Count 301,356

2020 Count 312,964

2023 Estimate (V2023) 317,910

2020 Estimate (V2023) 312,956

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 21.4%

18 to 64 53.4%

65 and Older 19.9%

Gender

Male 49.6%

Female 50.4%

Place of Birth

Foreign 2.8%

US 97.2%

Education

High School Graduate, Age 25+ 91.2%

Bachelor's Degree or Higher, Age 25+ 27.2%

Computer and Internet use

Households with a computer 93.8%

Households with a broadband Internet subscription 84.5%

Language

English is Second Language, Age 5+ 7.0%

English is First Language, Age 5+ 93.0%

Veterans

Veterans 17,970

Income

Per Capita Income $37,171

Median Household Income $67,272

People in Poverty 12.8%

Commute

Average Work Commute Time 26 minutes

Housing

Total Housing Units 136,666

Households 124,510

Average Household Size 2.45

Owner-Occupied 72.9%

Multi-Family 17.0%

Owner-Occupied Median Value $191,900

Median selected monthly owner costs -with a mortgage $1,474

Median selected monthly owner costs -without a mortgage $591

Median gross rent $886

Building Permits

New Private Housing Issued 2023 987

Years at Residence

1 Year or More 90.0%

Less Than 1 Year 10.0%

Business and Employment

Private non-farm Establishments 5,574

Private non-farm Employment 83,286

Private non-farm Employment Growth 0.0%

Nonemployer Establishments 21,027

Number of Firms 20,914

Business Production

Value of Shipments $6,058,884,000

Wholesale Trade $2,315,415,000

Retail Trade $3,875,576,000

Retail Sales Per Capita $12,297

Accommodation and Food Services $444,363,000

Land

Land Area 491.10 sq. miles

Population Per Square Mile 614

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,220.24 per month $805.04 Principal & Interest $367.08 Property Tax $48.13 Homeowner's Insurance

Change Payment Information

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1115 East AvenueElyria, OH 44035