About This Home
This 4-bedroom, 2-bathroom multi-family at 228 Gates in Elyria, OH is listed for $123,000 ($82 per sqft). Built in 1900, the home offers 1,491 sqft of living space on a 0.08 acres lot.
Key Features
- Built in 1900
- 0.08 acre lot
- 2 stories
Property Details
Amenities
Great turn-key investment opportunity! This well-maintained duplex features 2 bedrooms and 1 full bathroom in each unit, with spacious living rooms, remodeled kitchens, and updated bathrooms. The upstairs unit is now **vacant and move-in ready** and has been **professionally painted and cleaned**, making it a great option for an owner-occupant or a new tenant.
The downstairs unit is currently occupied by a month-to-month tenant paying **$875/month**. Recent improvements include basement waterproofing and a sump pump in 2022, newer hot water tanks (2019), furnaces (2021 upstairs and 2017 downstairs), and newer refrigerators in both units.
Tenants pay their own utilities except water and sewer. The property features a slate roof that is in good condition and offers plenty of basement storage. Conveniently located near shopping, Downtown Elyria, schools, and other local amenities. Whether you're looking to house hack or add another income-producing property to your portfolio, this duplex offers plenty of potential. Schedule your showing today!
Monthly Cost Estimate
$658/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
228 Gates
Elyria, OH 44035
Gates
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 4-bedroom, 2-bathroom multi-family at 228 Gates is listed at $123,000 ($82/sqft). The estimated monthly payment is $658 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.08 acre lot, 2 stories.
This property is listed by George Vujadinovic and can be reached at 4405029128.