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318 11 St, Elyria, OH 44035
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Investor special! Handyman special, fixer-upper, and true rehab opportunity located at 318 11th Street in Elyria, Ohio. This 3-bedroom, 1-bath, 1,164 sq ft home built in 1900 is perfect for investors, cash buyers, or those using hard money financing. Property is being sold as-is and may not qualify for conventional financing due to condition. Bring your toolbelt and imagination—this home has great value-add potential for a flip, rental, or DIY project. The home offers a classic floor plan with a spacious living area, dining space, and three nicely sized bedrooms. With its solid structure and original charm, it’s ready for updates and improvements that can unlock significant upside. Ideal for experienced investors or handy buyers looking for a project. Located in the city of Elyria within Lorain County, the property sits just about 26 miles west of Cleveland and roughly 7 miles from Lake Erie, offering a convenient location for commuters and renters alike. The neighborhood features sidewalks, established homes, and access to major roadways, shopping, and local services. Elyria is known for its recent community revitalization efforts and new school buildings that opened between 2020 and 2021. The home is within the Elyria City School District, serving approximately 6,000 students. Nearby schools include Franklin Elementary, Eastern Heights Middle, and Elyria High School. Parks, local restaurants, and grocery stores are only minutes away, with easy access to SR-57, I-80 (Ohio Turnpike), and I-90 for regional connectivity. Comparable homes in the area show strong rental demand and steady appreciation potential, making this an attractive investment. Estimated rent for similar properties is around $1,200–$1,300 per month after updates, providing solid cash flow potential for buy-and-hold investors. This is a great opportunity for those looking to create value through renovation or add to their rental portfolio. Whether you plan to fix and flip or buy and hold, the numbers can make sense here with the right improvements. Investors will appreciate the low entry price, solid location, and multiple exit strategies once renovated. Cash or hard money financing only. Property is sold as-is, where-is. Buyer to perform all due diligence, verify all information, and confirm condition, utilities, and required repairs. Don’t miss this Elyria investment property with strong potential and affordable entry cost. Bring your contractor, your creativity, and your toolbelt—this one won’t last long!