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Dawn Semancik

dawnsemancikhomes@gmail.com +1(216) 650-0746

$179,900

Est. payment - /mo

7 Beds

4 Baths

4,004 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,004 sqft

Price per Sqft $44

Subdivision East Ave

MLS Listing ID 5209788

Bedrooms 7

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,518

Year Built 1900

Annual Tax Amount $1,248

Tax Year 2025

Lot Size 2.240 Acres

Acres 2.24

Property Sub-Type Quadruplex

Property Description

Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don't miss this unique riverfront multifamily opportunity!

Location

State OH

County Lorain

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Baseboard, Electric, Forced Air, Gas

Cooling None

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Driveway, Gravel

Waterfront Description River Front,Waterfront

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Lot Description Waterfront

Story 3

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Elyria Csd - 4706

Others

Tax ID 06-26-020-000-010

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IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Christopher A Frederick • Coldwell Banker Schmidt Realty • thefrederickteam@gmail.com, 216-210-7653

NEARBY SCHOOL & BUSINESS

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Dawn Semancik

+1(216) 650-0746

Team Leader | License ID: SAL.2016005292

Team Leader License ID: SAL.2016005292

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1004 East AVE Elyria, OH 44035

Dawn Semancik

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION