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.
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Nikki Mort
Agent Phone: (330) 414-3585
Agency Title: Mosholder Realty
Estimated Payment
$ 1,665.21 per month $1,220.00 Principal & Interest $371.42 Property Tax $73.79 Homeowner's Insurance
122 Elbe Street | MLS# 5205281
This multi-family property located at 122 Elbe Street, Elyria, OH 44035 is currently listed for sale with an asking price of $253,000. Elbe Street is located within the Elyria City school district. Search Elyria real estate on nmort.mosholder.com today.