327 Franklin Ave, Elyria, OH 44035

Opportunity awaits at this 1,040 sq. ft. three-bedroom ranch situated on a corner lot in Elyria! Whether you're an investor looking for your next project or a buyer ready to create a home with your own personal touches, this property offers a solid foundation with several important improvements already in place. Major high-ticket updates have already been completed, including a NEW ROOF in 2025 and NEW FURNACE in 2025—two of the larger expenses buyers often face when purchasing a home in need of updating. The hot water tank was also replaced in 2019. Central air adds year-round comfort. Inside, the living room and bedrooms feature hardwood flooring, offering an opportunity to refinish and restore the existing character or incorporate it into your renovation plans. The main level includes three bedrooms, a full bath, living room, and kitchen. A full unfinished basement provides substantial additional space for storage, workshop, laundry, or future finishing potential, along with a convenient half bath. Outside, the two-car garage offers valuable parking and storage. This property is ready for your vision and presents an excellent opportunity to build equity through improvements while benefiting from several major updates already completed. Bring your ideas and transform this ranch into a home that reflects your style or a solid investment property with renovation potential. Property is being sold in its present condition.