Neighborhood: Elyria (elyria Township, Carlisle Township)
Property Taxes: $0
All Brick Free Standing Commercial Building w/5 Retail Suites in a high traffic location on a corner lot in the Commercial District in Elyria. This is a great income producing property as it has a 10% cap rate on 90% occupancy with good leased tenants on long term leases. There is additional upside to bring the cap rate to 12% with the vacancy of a 2nd flr suite that was previously rented at $450/mo, but the tenant moved out and is now rent ready! This building features split utilities to all units with a full basement and a newer 15+ car parking lot. If you are looking for a property that is an instant income producer, look no further, schedule your showing today!
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX MLS. Real estate listings held by brokerage firms other than NORMLS are marked with the Internet Data Exchange logo and detailed information includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. NORMLS might not display the entire NEOHREX MLS IDX database on this website. The listings of some real estate brokerage firms may have been excluded. Updated: 13th April, 2021 4:24 PM