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231 Oberlin Road

Elyria, OH 44035
  • $105,000
  • STATUS: Closed
  • ON SITE: 71 Days
  • MLS #: 4423920
Sold - 01/25/2023
$105,000
SOLD - 01/25/2023
  • 7
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,306
    SQFT
  • $46
    $/SQFT
Type:
Multi-Family
Built:
1990
County:

School Ratings & Info

School District:
Listing courtesy of Russell Real Estate Services.
Listing information © 2023 YES-MLS.

Description

Three-unit cash-flowing investment property in Elyria currently bringing in $1,600/month with a proforma of $2,250. All leases are month-to-month with two of the units having 2-bed/1-bath and the front unit having 3-bed/1-bath. The rents collected per unit per month are: $550, $550 and $500 with a profroma of $750 per unit per month. The property comes with vinyl windows, three newer hot water tanks, updated electrical panels, 1 older furnace that runs just the front unit and the other two units have baseboard heat with tenants paying electric and gas. 1 unit has been updated with vinyl flooring, minor kitchen and bathroom updates, and modern paint scheme. Great property to add to your portfolio!

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Listing information © 2023 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX ONE are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-01-29T10:07:27.51.
www.onerealtyhomes.com/homes/134895195
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231 Oberlin Road Elyria, OH 44035

  • Price: $114,900
  • Status: Closed
  • On Site: 71 Days
  • Updated: 43 min ago
  • MLS #: 4423920
7
Beds
3
Baths
0
½ Baths
N/A
Acres
2,306
SQFT
$46
$/SQFT
1990
Built
County:
Lorain
Area:
Elyria (Elyria Township, Carlisle Township)
School District:
Elyria CSD
Property Description
Three-unit cash-flowing investment property in Elyria currently bringing in $1,600/month with a proforma of $2,250. All leases are month-to-month with two of the units having 2-bed/1-bath and the front unit having 3-bed/1-bath. The rents collected per unit per month are: $550, $550 and $500 with a profroma of $750 per unit per month. The property comes with vinyl windows, three newer hot water tanks, updated electrical panels, 1 older furnace that runs just the front unit and the other two units have baseboard heat with tenants paying electric and gas. 1 unit has been updated with vinyl flooring, minor kitchen and bathroom updates, and modern paint scheme. Great property to add to your portfolio!
Exterior Features

Construction Materials Vinyl SidingWood Siding Exterior Features Paved Driveway Garage YN No Parking Features No Garage Roof AsphaltFiberglass

Interior Features

Basement YN Yes Building Area Total 2306 Cooling None Cooling YN No Heating BaseboardElectricForced AirGas Heating YN Yes Laundry Features None

Property Features

Above Grade Finished Area 2306 Buyer Financing Other Gross Income 9600 Home Warranty YN No Listing Terms Cash Net Operating Income 7800 Number Of Units In Community 3 Operating Expense 1800 Owner Pays Water Property Sub Type Triplex Sewer None Water Source Public Year Built Details Actual Ybt

Listing information © 2023 YES-MLS.
Listing provided courtesy of Russell Real Estate Services: (440) 526-9400.
Listing information © 2023 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX ONE are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-01-29T10:07:27.51.
 
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RE/MAX ONE
1131 Hill Road North
Pickerington OH, 43147
Listing courtesy of Russell Real Estate Services.
Listing information © 2023 YES-MLS.