Come and see this turnkey triplex with great rents in fast-developing Elyria-Swansea neighborhood! So much is being built within walking distance at or near the National Western Stock Show Complex. All 3 units have been renovated and updated with long-lasting neutral LVP flooring and fresh paint as each lease turns. Each unit features its own fully fenced front yard patio and dedicated back alley parking space. Each unit has its own water heater and furnace.
Rents are excellent and may even have a tiny bit of room for improvement in one of the units. Priced to cash flow for a worthy investment. Overall expenses are relatively low and stable. Many major repairs and improvements have been made under current ownership. All furnaces are aged 2019 and newer. Gutters have been replaced. Currently professionally managed - increase your cash flow even more by self-management or living in one of the units! Room for additional income - shared laundry is currently not monetized, and there is room to add storage in the side yard to also monetize.
Leases range from one year starting Sept. 2023 down to month-to-month. Fully occupied. Tenant pays electric/gas, internet.
Sold for $630,000
Zillow last checked:
Listing updated:
Bought with:
Preston Newberry, 100069848
Your Castle Real Estate Inc
Source: REcolorado as distributed by MLS GRID,MLS#: 1947522
Price history
| Date | Event | Price |
|---|---|---|
| 2/1/2024 | Sold | $630,000$370/sqft |
Source:  REcolorado as distributed by MLS GRID #1947522 Report a problem | ||
| 12/9/2023 | Pending sale | $630,000$370/sqft |
Source: REcolorado as distributed by MLS GRID #1947522 Report a problem | ||
| 11/6/2023 | Listed for sale | $630,000$370/sqft |
Source: REcolorado as distributed by MLS GRID #1947522 Report a problem | ||
| 9/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/21/2023 | Listed for rent | $1,595$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/22/2023 | Listed for rent | $1,595+2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/1/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/25/2023 | Listed for rent | $1,550$1/sqft |
Source: Zillow Rentals Report a problem | ||
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Estimated market value
$574,800
