Property photo 1
2 Beds
1 Bath

$111,750

508 Furnace Street, Elyria OH, 44035

Built in1950
Property typeResidential

Overview

Active

Listed Apr 29, 2026

Updated Aug 15

Cash-flowing rental with established tenancy at 508 Furnace St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This occupied property generates $1,200 per month on a month-to-month lease, providing immediate income. The tenant is responsible for all utilities, helping to keep operating expenses low and enhance overall returns. The home offers a functional layout with strong rental appeal and is positioned in an area with consistent demand. A dependable addition to a larger portfolio, this asset contributes steady cash flow within a diversified, income-producing package. Multiple properties must be purchased.  Singular properties will not be considered.  Reach out to co-listing agent for details.

$743/mo

Est. mortgage payment based on a $111,750 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5205304

Interior Features

Bedrooms
2
Bathrooms
1
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$1,011
Tax Frequency
Annually
Garage
Yes

Courtesy of Russell Real Estate Services

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Iconic Partners Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 MLS Now. All rights reserved.

Powered by Luxury Presence