Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: mariog.lukach@gmail.com, 216-905-2672
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
Choose a date and time to see 317 West Avenue, Elyria, OH 44035.
An agent will get in touch to confirm your request shortly.
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.
Source: US Census Bureau
Estimated Payment
$ 834.18 per month $629.39 Principal & Interest $167.17 Property Tax $37.63 Homeowner's Insurance
317 West Avenue | MLS# 5183741
This multi-family property located at 317 West Avenue, Elyria, OH 44035 is currently listed for sale with an asking price of $129,000. West Avenue is located within the Elyria City school district. Search Elyria real estate on 2210scrollroadsw.cutlerhomes.com today.