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Property Description

Attention investors—don’t miss this fully rented, professionally managed opportunity with the option to retain or terminate management. This spacious 4-bedroom, 2 full bath colonial features a full bath on each level for added tenant comfort, a full basement, and a walk-up third-floor attic offering potential for expansion or convenient storage. The aluminum-sided exterior includes upgraded vinyl windows and a relaxing front porch, all nestled on a quiet street in an investor-friendly city known for low property taxes and a strong Section 8 rental market. A partially fenced backyard adds to the appeal, while inside you’ll find some hardwood flooring for added durability and charm. Though the property is a foreclosure and being sold as is, it offers solid mechanical updates including an upgraded electrical panel, newer hot water tank, and furnace that appear to have many years of service left. The first-floor bathroom may need flooring, and a few cosmetic touches throughout could enhance value. Average rent for a 4-bedroom, 2-bath home in this area supports excellent cash flow potential. Currently tenant-occupied, showings require some notice. This is a smart addition to any portfolio—schedule your private tour today

Features
: Gas
: No
: Garage, Detached, Paved
Address Map
OH
Lorain
Elyria
Irondale
132
Street
44035
W83° 52' 58.9''
N41° 21' 43.1''
Property Details
Active
Coldwell Banker Schmidt Realty
Christopher A Frederick
426983
2787
06-24-010-105-014
: Asphalt, Fiberglass
: Public Sewer
3
Colonial
: Aluminum Siding
: Public
$1,705
272119
14/05/2025 17:16:30
No
No
No
No

132 Irondale Street, Elyria, Ohio

Residential For Sale

2 Bathrooms
0.11 Sqft
$85,000
Listing ID #5119328
Basic Details
Property Type : Residential
Property Sub Type : Single Family Residence
Levels : Three Or More
Listing Type : For Sale
Listing ID : 5119328
Price : $85,000
Rooms : 6
Bathrooms : 2
Year Built : 1900
Lot Area : 0.11 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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