228 Gates, Elyria, OH 44035

$123,000
4
BD
2
BA
1,491
SqFt

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List Price
$123,000
Status
ACTIVE
Days on Market
6
MLS#
5244165
Subtype
Residential Income
Year Built
1900
Bedrooms
4
Bathrooms
2
Full Baths
2
Living Area
1,491
Acres
0.08
Subdivision
Gates
Neighborhood
Gates
MLS Area Major
Elyria

Property Description

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!

Additional Information

Taxes
$1,494
Heating
Forced Air, Gas
Air Conditioning
Window Unit(s)
Stories
2
Levels
Two
Roof
Slate
Parking Features
No Garage, Paved
School District
Elyria CSD - 4706

Listing Courtesy of: George Vujadinovic, home4u@georgesoldit.com With EXP Realty, LLC.

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