2550 Elyria Avenue, Lorain, OH 44055
- $474,000
- Sold Price
- $474,000
- List Price
- $515,000
- Status
- CLOSED
- Days on Market
- 106
- Closing Date
- Aug 28, 2025
- MLS#
- 5122876
- Subtype
- Commercial Sale
- Year Built
- 1890
- Acres
- 0.15
- Subdivision
- South Broadway
- Neighborhood
- South Broadway
- MLS Area Major
- Lorain
Property Description
Absolute dynamite! Apartments 2, 5, and 6 were taken down to the frame and rebuilt. Work on these units was just completed with new white cabinetry, quartz tops, LVP flooring, windows upgraded, along with electrical. Almost all units now have hard surface tops. Seven of eight units are rented at this time. Common area laundry. Roof in 2025 w/ Puma XL System. Just over $7400 in income this property is expected to generate. You cannot go wrong at this price. All units in the building have gone through moderate to major upgrades and improvements. Do not wait on this opportunity.
Additional Information
- Taxes
- $2,583
- Heating
- Baseboard, Forced Air
- Stories
- 2
- Levels
- Two
- Parking Features
- Parking Lot
- School District
- Lorain CSD - 4709
Listing Courtesy of: Matthew P Klein, matthew@matthewpklein.com With Walnut Creek Realty, LLC.
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