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1004 East AVE Elyria, OH 44035
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Key Details
Sold Price $135,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,004 sqft
Price per Sqft $33
Subdivision East Ave
MLS Listing ID 5209788
Sold Date 08/13/26
Bedrooms 7
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,518
Year Built 1900
Annual Tax Amount $1,248
Tax Year 2025
Lot Size 2.240 Acres
Acres 2.24
Property Sub-Type Quadruplex
Stories Three Or More
Story Three Or More
Property Description
Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don't miss this unique riverfront multifamily opportunity!
Location
State OH
County Lorain
Rooms
Basement Unfinished, Walk-Out Access
Interior
Heating Baseboard, Electric, Forced Air, Gas
Cooling None
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Driveway, Gravel
Waterfront Description River Front,Waterfront
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Lot Description Waterfront
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-26-020-000-010
Financing Rehab Financing
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Bought with Thomas Clements • WR Western Reserve Real Estate
NEARBY SCHOOLS & BUSINESSES
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