132 Irondale StreetElyria, OH 44035

Description

Attention investors & owner-occupant buyers looking for a value-add opportunity! Vacant, easy to show, & ready for immediate occupancy, this spacious 4-bedroom, 2 full bath colonial offers excellent potential at an affordable price point. Home features a full bath on each level for added convenience, full basement, walk-up third-floor attic providing excellent storage or future expansion possibilities. Aluminum-sided exterior includes upgraded vinyl windows plus welcoming front porch, all situated on a quiet street in an investor-friendly city known for low property taxes and strong Section 8 rental/straight rent demand. Inside, you’ll find generous room sizes, some hardwood flooring for durability & charm, flexible floor plan ideal for both homeowners and tenants. A partially fenced backyard adds additional appeal for outdoor enjoyment. Foreclosure property is being sold as-is but already includes decent mechanical updates, including an upgraded electrical panel, newer hot water tank, & furnace that appears to be in good condition. First-floor bathroom may need flooring, and a few cosmetic improvements throughout could significantly enhance value and rental potential. Average rents for 4-bedroom, 2-bath homes in the area support strong cash flow, making this a smart addition to any investment portfolio or an affordable owner-occupied purchase with upside potential. Property will not qualify for FHA or VA financing. Don’t miss this opportunity!

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Colonial

Year built

1900

Stories

3

Living area

2,631 Sq Ft

Lot size

0.11 acres

Lot dimensions

40 x 120

Days on market

127

MLS^® Listing#

5208107

Property Features

Cooling

None

Heating

Natural Gas

Basement

Full · Unfinished

Parking

Detached · Garage · Paved

Laundry

In Basement

Patio

Porch

Fencing

Partial

Construction

Aluminum Siding

Roof

Asphalt · Fiberglass

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$1,730Tax year 2025

Parcel number

06-24-010-105-014

Directions

on irondale