Property Description

This well-maintained side-by-side ranch multifamily property offers a fantastic investment opportunity with both units fully rented. Each unit features 2 bedrooms and 1 full bathroom, providing comfortable single-level living that appeals to a wide range of tenants. Inside, you'll find durable vinyl plank flooring throughout and fresh neutral paint. With stable rental income already in place, this property is ideal for investors looking to add a turnkey, income-producing asset to their portfolio. The ranch-style design offers convenience and broad tenant appeal, while the side-by-side configuration provides added privacy for occupants. Whether you're expanding your portfolio or entering the multifamily market, this fully occupied duplex offers a solid opportunity.

211 Brace Avenue | MLS# 5191632

This multi-family property located at 211 Brace Avenue, Elyria, OH 44035 is currently listed for sale with an asking price of $150,000. Brace Avenue is located within the Elyria City school district. Search Elyria real estate on 542snivelyavenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: None

Cooling: None

Days on Market: 4

Heating: Forced Air, Gas

Lot Size: 0.14 Acres

Roof Type: Asphalt, Fiberglass

Stories: 1.0

Taxes: $1,399 / year

Year Built: 1972

Feature Descriptions

Exterior: Vinyl Siding

Parcel#: 06-24-034-111-003

Parking: Unpaved

Sewer: Public Sewer

Water: Public

Local Schools

School District: Elyria City

Demographics

Lorain County Demographic Information for 211 Brace Avenue, Elyria, OH 44035

Fips

Fips Code 39093

Population

2020 to 2023 Change up 1.6%

2010 Count 301,356

2020 Count 312,964

2023 Estimate (V2023) 317,910

2020 Estimate (V2023) 312,956

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 21.4%

18 to 64 53.4%

65 and Older 19.9%

Gender

Male 49.6%

Female 50.4%

Place of Birth

Foreign 2.8%

US 97.2%

Education

High School Graduate, Age 25+ 91.2%

Bachelor's Degree or Higher, Age 25+ 27.2%

Computer and Internet use

Households with a computer 93.8%

Households with a broadband Internet subscription 84.5%

Language

English is Second Language, Age 5+ 7.0%

English is First Language, Age 5+ 93.0%

Veterans

Veterans 17,970

Income

Per Capita Income $37,171

Median Household Income $67,272

People in Poverty 12.8%

Commute

Average Work Commute Time 26 minutes

Housing

Total Housing Units 136,666

Households 124,510

Average Household Size 2.45

Owner-Occupied 72.9%

Multi-Family 17.0%

Owner-Occupied Median Value $191,900

Median selected monthly owner costs -with a mortgage $1,474

Median selected monthly owner costs -without a mortgage $591

Median gross rent $886

Building Permits

New Private Housing Issued 2023 987

Years at Residence

1 Year or More 90.0%

Less Than 1 Year 10.0%

Business and Employment

Private non-farm Establishments 5,574

Private non-farm Employment 83,286

Private non-farm Employment Growth 0.0%

Nonemployer Establishments 21,027

Number of Firms 20,914

Business Production

Value of Shipments $6,058,884,000

Wholesale Trade $2,315,415,000

Retail Trade $3,875,576,000

Retail Sales Per Capita $12,297

Accommodation and Food Services $444,363,000

Land

Land Area 491.10 sq. miles

Population Per Square Mile 614

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 892.18 per month $731.85 Principal & Interest $116.58 Property Tax $43.75 Homeowner's Insurance

Change Payment Information

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211 Brace AvenueElyria, OH 44035