122 Elbe StreetElyria, OH 44035

Description

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.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1900

Stories

2

Lot size

0.12 acres

Days on market

156

MLS^® Listing#

5205281

Property Features

Cooling

None

Heating

Other

Basement

Other

Parking

Driveway

Construction

Frame · Other

Roof

Other

Sewer

Other

Water source

Other

Financial Details

Annual taxes

$4,457Tax year 2025

Parcel number

06-24-087-101-019

Directions

Lorain County