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2550 Elyria AVE Lorain, OH 44055
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Key Details
Sold Price $474,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision South Broadway
MLS Listing ID 5122876
Sold Date 08/28/25
HOA Y/N No
Year Built 1890
Annual Tax Amount $2,583
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Apartment
Stories Two
Story Two
Property Description
Absolute dynamite! Apartments 2, 5, and 6 were taken down to the frame and rebuilt. Work on these units was just completed with new white cabinetry, quartz tops, LVP flooring, windows upgraded, along with electrical. Almost all units now have hard surface tops. Seven of eight units are rented at this time. Common area laundry. Roof in 2025 w/ Puma XL System. Just over $7400 in income this property is expected to generate. You cannot go wrong at this price. All units in the building have gone through moderate to major upgrades and improvements. Do not wait on this opportunity.
Location
State OH
County Lorain
Rooms
Basement Full
Interior
Heating Baseboard, Forced Air
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Parking Lot
Fence Chain Link
Water Access Desc Public
Present Use Multi-Family
Total Parking Spaces 8
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-00-093-107-017
Financing Cash
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Bought with Charles Costanzo • RE/MAX Above & Beyond