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1115 East Ave 4,200 SF Retail Building Elyria, OH 44035 $175,000 ($41.67/SF)
INVESTMENT HIGHLIGHTS
- 2 Buildings One Price
- One building is a 3 unit apartment and the second building is a storefront
EXECUTIVE SUMMARY
4-unit investor special! 2 buildings, one building on George St has 3 apartments, and the second building is the storefront. Total rents would be approximately $3000/mo fully-rented, professional management in place. Sturdy brick construction with newer roofs and vinyl siding, plus many updates such as: newer furnaces (one unit is heated by a boiler), storefront has central AC, upgraded electric panels, newer hot water tanks, separately-metered gas and electric, plus a 1-car garage. Great location near shopping, schools, freeway access and more! Just a little work to get this building up and running again.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
C
Year Built
1900
Price
$175,000
Price Per SF
$41.67
Tenancy
Single
Building Height
2 Stories
Building FAR
0.74
Lot Size
0.13 AC
Frontage
24’ on East Ave
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 06-26-014-102-032 | Improvements Assessment | $16,818 |
| Land Assessment | $5,698 | Total Assessment | $22,516 |
PROPERTY TAXES
Parcel Number
06-26-014-102-032
Land Assessment
$5,698
Improvements Assessment
$16,818
Total Assessment
$22,516
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1115 East Ave
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