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215 Foster Avenue Elyria, OH $ 1,835,000
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$ 1,835,000 Get more info
215 Foster Avenue
$ 1,835,000
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215 Foster Avenue

Elyria, OH, 44035
$ 1,835,000
Baths0.0

Monthly Estimate*

$ 12,818

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Studio

Commercial Property for sale in Elyria, OH

for $1,835,000. This building was built in 1950 on a lot size of 0.11.

This is a portfolio of seventeen properties, 16 single family homes and one duplex, accumulated and maintained over many years. Fully rented to stable tenants, with total annual rents of over $222,000 and operating at a cap rate in excess of 9. Seller would like to change his business model, and purchase larger properties. Showings will be available to qualified buyers after initial negotiations. Please do not disturb tenants.

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Commercial Active

Price

$ 1,835,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,716

Style

Lot Size

0.11

Year Built

1950

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

4460522
Features
General
Possession DeliveryOfDeed
Year Built 1950
Property SubType Other
County Lorain
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name S Mendelsons
Garage Y/N N
Status Active
Directions Various locations in Lorain County in the cities of Elyria and Lorain.
City Elyria
Buyer Agent Compensation 2.0
View Y/N N
Senior Community Y/N N
High School District Lorain CSD - 4709
Waterfront Y/N N
Carport Y/N N
Street Name Foster
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 16716.0
Home Warranty Y/N N
Property Condition Unknown
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 275
Standard Status Active
Middle/Junior School District Lorain CSD - 4709
Elementary School District Lorain CSD - 4709
Property Sub Type Additional Other
Legal Description MENDELSON 40 X 126
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Exterior
Lot Size Area 0.11
Spa N
Lot Size Acres 0.11
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
Main Level Bathrooms 0
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Internal Only
Street Number 1 215
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* Excluded Features
List By
John H Fitch

Listing Agent

Market First Real Estate Services

Broker

jfitch7016@aol.com

Email

Affordability Calculator

$14,211
Per Month
90%
10%
0%
Monthly Principal & Interest
$12,818
Monthly Property Taxes
$1,393
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457626 Elementary School
4457488 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/22/2023$1,835,000 Listed Price

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215 Foster Avenue, Elyria, OH, 44035 is a Commercial Property for sale at $1,835,000 with a lot size of 0.11. 215 Foster Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 44035 which is in Elyria, OH

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