Listed By
Agency Name: Russell Real Estate Services
Agency Phone: 440-327-6511
Shown By
Agent Name: Tracy McDaniel
Agent Phone: (614) 296-7628
Agency Title: Cutler Real Estate
Contact Tracy McDaniel About This Property
Property Description
ATTENTION INVESTORS: Prime Long-Term Buy & Hold Opportunity! Unlock immediate equity and long-term cash flow with this solid Elyria investment property. Whether you are looking to expand your portfolio or land your very first rental, this property is the definition of investor special. Located in a market with a consistently high rental demand, this home offers the perfect balance of manageable updates and major mechanical peace of mind. The Stats That Matter: Roof: Replaced in 2016 Years of life remaining! HVAC: New furnace and A/C installed in 2018 High-ticket items are already checked off. Ideal for a long-term buy and hold Elyria is a strategic choice for investors seeking affordability and with its proximity to local hospitals, parks, and major highways, you have a built-in tenant base looking for stable housing. Stop hunting for deals and start closing on one.
Property Features
Property Type: Residential - Single Family
Basement: Full, Unfinished
Basement: Yes
Cooling: Central Air
Days on Market: 23
Garage: 1
Heating: Forced Air, Gas
Home Style: Bungalow
Lot Size: 0.19 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $731 / year
Year Built: 1900
Feature Descriptions
Exterior: Vinyl Siding
Parcel#: 06-24-026-121-004
Parking: Garage
Parking Notes: Garage
Sewer: Private Sewer
Water: Public
Local Schools
School District: Elyria City
Market Trends
Lorain County Residential Market Trend Graphs- Zip Code 44035
Source: Delta Media Group, Inc.
Demographics
Lorain County Demographic Information forFips
Fips Code 39093
Population
2020 to 2025 Change up 3.3%
2010 Count 301,356
2020 Count 312,964
2025 Estimate (V2025) 323,219
2020 Estimate (V2025) 312,956
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 21.1%
18 to 64 53.0%
65 and Older 20.7%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 3.1%
US 96.9%
Education
High School Graduate, Age 25+ 91.8%
Bachelor's Degree or Higher, Age 25+ 28.5%
Computer and Internet use
Households with a computer 94.8%
Households with a broadband Internet subscription 88.9%
Language
English is Second Language, Age 5+ 7.8%
English is First Language, Age 5+ 92.2%
Veterans
Veterans 18,512
Income
Per Capita Income $40,798
Median Household Income $73,347
People in Poverty 10.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 127,544
Average Household Size 2.42
Owner-Occupied 74.0%
Multi-Family 17.0%
Owner-Occupied Median Value $223,200
Median selected monthly owner costs -with a mortgage $1,525
Median selected monthly owner costs -without a mortgage $629
Median gross rent $966
Building Permits
New Private Housing Issued 2024 1,331
Years at Residence
1 Year or More 90.9%
Less Than 1 Year 9.1%
Business and Employment
Private non-farm Establishments 5,664
Private non-farm Employment 89,159
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,949
Number of Firms 4,759
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614
Source: US Census Bureau
Estimate Your Payment
Estimated Payment
$ 517.75 per month $432.04 Principal & Interest $60.92 Property Tax $24.79 Homeowner's InsuranceChange Payment Information
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