334 Washington Ave | Elyria, OH 44035
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- LoopNet Team
334 Washington Ave
Elyria, OH 44035
Mayfair Apartments · Multifamily Property For Sale
·
42 Units
INVESTMENT HIGHLIGHTS
- • Modern Upgrades: All units have been recently renovated, featuring modern finishes and updates that increase tenant appeal and justify higher rents.
- • Upside Potential: There is notable upside potential in rent increases, offering prospects for enhanced future returns.
- • Low Maintenance: The brick exterior and current maintenance practices ensure minimal upkeep and lower long-term maintenance costs.
- • Stabilized Rents: The property currently enjoys stable rental income, providing a reliable revenue stream.
- • Fully Managed: The property is a turnkey investment, with a well-established maintenance team in place who is willing to stay on.
- • Growing Rental Market: Elyria is experiencing a booming rental market, which supports favorable rental conditions and potential for value appreciati
PROPERTY FACTS
| No. Units | 42 | Lot Size | 1.36 AC |
| Property Type | Multifamily | Building Size | 29,989 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1969/2025 |
| Zoning | Multi - zoned multi family | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 29,989 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1969/2025 |
| Zoning | Multi - zoned multi family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Free
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 06-25-129-000-001 | Improvements Assessment | $399,882 |
| Land Assessment | $77,956 | Total Assessment | $477,838 |
PROPERTY TAXES
Parcel Number
06-25-129-000-001
Land Assessment
$77,956
Improvements Assessment
$399,882
Total Assessment
$477,838
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