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1004 East Avenue
1004 East Avenue
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1004 East Avenue
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1004 East Avenue
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Courtesy of Coldwell Banker Schmidt Realty
Active Under Contract

1004 East Avenue

1004 East Avenue, Elyria, OH 44035

$179,900
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!

7
beds

4
baths

4,004 Sq.Ft. LIVING AREA

2.24 Acres lot

Chris Frederick

Chris Frederick

Michele Frederick

Michele Frederick

Features & Amenities

Interior

  • total bedrooms7
  • Total bathrooms4
  • full bathrooms4
  • Laundry room Laundry Room

Area & Lot

  • Status Active Under Contract
  • Living Area4,004 Sq.Ft.
  • Lot Area2.24 Acres
  • MLS® ID5209788
  • TypeMulti-Family
  • YEAR BUILT1900
  • Water FrontageRiver Front, Waterfront
  • School DistrictElyria CSD - 4706

Exterior

  • STORIES3
  • water SourcePublic
  • roofAsphalt, Fiberglass
  • lot featuresWaterfront
  • parkingDriveway, Gravel
  • HEAT TYPEBaseboard, Electric, Forced Air, Gas
  • AIR CONDITIONINGNone
  • sewerPublic Sewer

Financial

  • Sales Price$179,900
  • Real Estate Tax $1,248/yr
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 1004 East Avenue, Elyria, OH 44035. We are reviewing your request and will be in touch shortly!

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