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!
Details
| MLS # | 5208107 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 157 |
| Listing Provided By | Coldwell Banker Schmidt Realty | Christopher A Frederick |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,631 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.11 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Detached, Garage, Paved |
Taxes
| Tax Annual Amount | 1730 |
|---|
Area Information
| State | OH |
|---|---|
| County | Lorain |
| City | Elyria |
| Zip Code | 44035 |
| Listing VS Median (in 44035) | |
Price: $69,500 low | high Med: $200,000 sqft: 2,631 low | high Med: 1,401 $ / sqft: $26 low | high Med: $147 On site: 157 low | high Med: 30 | |
Market Activity 44035
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Learn More About This Property
| State | OH |
|---|---|
| County | Lorain |
| City | Elyria |
| Zip Code | 44035 |
| Listing VS Median (in 44035) | |
Price: $69,500 low | high Med: $200,000 sqft: 2,631 low | high Med: 1,401 $ / sqft: $26 low | high Med: $147 On site: 157 low | high Med: 30 | |