Listed By
Agency Name: Home Equity Realty Group
Agency Contact: charles.lewis@heqrealty.com, 440-539-4864
Shown By
Agent Name: Anestis Kalagidis
Agent Phone: Cell: (614) 395-6377
Agency Title: Cutler Real Estate
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Property Description
Triplex investment opportunity in Elyria featuring two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, offering a strong unit mix for consistent rental demand. The two-bedroom units are currently rented at $850 and $725, with one lease secured through March 2027 and the other recently expired, providing flexibility for potential rent increases, while the one-bedroom unit is rented at $550 on a month-to-month lease. Tenants do not pay utilities, with the owner responsible for water, gas, and electric. The property has been well maintained, making it a solid addition to any investment portfolio with both stable income and value-add potential. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Days on Market: 6
Heating: Gas
Lot Size: 0.09 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,945 / year
Year Built: 1925
Feature Descriptions
Exterior: Aluminum Siding
Parcel#: 06-26-030-000-002
Parking: Driveway, Parking Lot
Sewer: Public Sewer
Water: Public
Local Schools
School District: Elyria City
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Estimated Payment
$ 1,111.88 per month $898.75 Principal & Interest $162.08 Property Tax $51.04 Homeowner's InsuranceChange Payment Information
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622 Middle Avenue | MLS# 5201397
This multi-family property located at 622 Middle Avenue, Elyria, OH 44035 is currently listed for sale with an asking price of $175,000. Middle Avenue is located within the Elyria City school district. Search Elyria real estate on www.neskalagidis.com today.