Elyria, OH 44035,157 Harvard AVE
Elyria, OH 44035,157 Harvard AVE
Elyria, OH 44035,157 Harvard AVE
34
$230,000
$214,900
7.0%
Est.Price: ?

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5 BD
3 BA
2,266 SqFt

157 Harvard AVE Elyria, OH 44035

Est. payment /mo
SOLD DATE : 05/01/2025

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Key Details

Sold Price $230,000

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,266 sqft

Price per Sqft $101

Subdivision Eastern Heights Land Companys 01

MLS Listing ID 5104764

Bedrooms 5

Full Baths 3

Year Built 1900

Annual Tax Amount $3,101

Tax Year 2024

Lot Size 6,534 Sqft

Property Sub-Type Triplex

Property Description

Prime Triplex Investment Opportunity in Elyria, OH – Grossing Nearly $4K/Month!

Unlock the potential of this well-maintained triplex in the heart of Elyria, OH! Whether you're an investor looking for steady cash flow or a homeowner seeking rental income, this property delivers with three fully rented units generating nearly $4,000 per month.

Property Breakdown:

1st Floor Unit: 2 bed, 1 bath – Long-term tenant on a month-to-month lease at $1,000/month (tenant pays electric & gas).
2nd Floor Unit: 2 bed, 1 bath – Active Airbnb rental.
3rd Floor Unit: 1 bed, 1 bath – Also an Airbnb rental.
Airbnb Earnings: The 2nd and 3rd-floor units generate approximately $2,700/month combined.
Key Updates & Features:

New furnace installed (March 2020)
Stack replacement (February 2023)
First-floor water heater replaced (November 2016)
Third-floor water heater manufactured in December 2011
Far-right garage door springs repaired (March 2025)
2nd and 3rd-floor units recently updated

This property boasts a strong rental history, recent improvements, and a solid foundation for long-term income generation. Don't miss this opportunity to own a turnkey investment in a desirable rental market!

Schedule your showing today!

Location

State OH

County Lorain

Interior

Heating Forced Air, Gas

Cooling None

Laundry Common Area

Exterior

Parking Features Detached, Garage, Paved

Garage Spaces 3.0

Garage Description 3.0

Roof Type Asphalt,Fiberglass

Building

Sewer Public Sewer

Water Public

Schools

School District Elyria Csd - 4706

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Mark W Gepperth • Keller Williams Citywide • Mgepperth@aol.com 440-477-0166
Bought with Shirley Ottallah • Century 21 Homestar

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agent

Scott Connors

Broker Associate | License ID: BRKA.2018003766,WVA190040069

+1(740) 310-0032

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