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7444 Lake Ave
Elyria, OH 44035
Multifamily Property For Sale · 8 Units

INVESTMENT HIGHLIGHTS

  • Highly desirable location in Elyria
  • Extensive exterior upgrades
  • Generating nearly $100,000 in annual gross income
  • 8 units - fully occupied
  • New paint, new siding, multiple new windows and doors, fencing, and a resealed & patched parking area

PROPERTY FACTS

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.44 AC
Building Size 6,750 SF
Average Occupancy 100%
No. Stories 1
Year Built 1920
Parking Ratio 1.48/1,000 SF
Zoning Multifamily - Multifamily in a residential mix area

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • Public Transportation
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-24-036-104-049
Land Assessment
$24,584
Improvements Assessment
$86,310
Total Assessment
$110,894
  • Listing ID: 33743157

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 7444 Lake Ave, Elyria, OH 44035

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