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622 Middle Avenue

Elyria OH 44035

5
2
0.09 ac.
Duplex
Currently for sale - view listing

Overview

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.

Features

5 bedrooms
2 bathrooms
0.09 ac. lot size
Duplex

Property history for 622 Middle Avenue

2024
Sold
$150,000
17 Sep 2024 by Christopher Frederick, of Coldwell Banker Schmidt Realty

Happy sellers in Elyria

100%
100% of sellers in Elyria reported that their sale price either exceeded or met their price expectations.

Elyria stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Elyria over the last 12 months.

Local market activity for 5 bedroom duplexes in Elyria

In the last 12 months, 2 five-bedroom duplexes similar to 622 Middle Avenue, have been sold.

This represents a 50% increase in five-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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