5 Water Street Elyria, OH — $94,500

5 Water Street | Elyria

This lovely home is currently tenant occupied and has been rented out for 24 years. This large home can either be owner occupied or may be an investment property. Current tenant would like to remain. The home has 4 bedrooms on the second floor with a full bath. The main floor living space has a foyer, living room, dining room and large kitchen, also a full bathroom. The basement has a full bathroom, and the attic has a full bathroom that is not used. Windows are vinyl replacements, hot water tank is newer, furnace and A/C is 90% efficient. \r\n\r\nThe 2 car detached garage door does not open (needs repair) and is not currently in use. This is a solid house that will need the new owners TLC.\r\n\r\nThis home was previously used as a 4 unit rental prior to current owner who converted it to a single family rental. This home also passes annual section 8 inspections and is due for inspection. Currently renting out under market value on a month to month basis at $850.00 monthly and tenant paying all utilities. \r\n\r\nAll trees were recently removed, and a new roof was installed 6/17/2026 MLSNow 5220268 Directions to property: Broad St to Water St.