NOT LISTED FOR SALE

1405 New Jersey Ave Lorain, OH 44052

6 Beds
4 Baths
2,250 Sq Ft
6,098 Sq Ft Lot

Last Sold November 01, 2022

Last sale price $100,000 $44 Per Sq Ft

174 Days on Market

About This Home

As of November 2022

Great investment opportunity. Both units have been partially renovated and both sides are occupied by long term tenants (10+ years on one side). Each unit has a 1 car garage. Property is professionally managed. Each unit has laundry hook-up. Tenants pay all utilities including water and trash. Two units, 3 bedrooms 1 1/2 bathroom on each side. Solid turn key investment with room to grow.

Last Agent to Sell the Property

Pam Hakaim

RE/MAX Above & Beyond License #2016000717 Listed on: 04/01/2022

RE/MAX Above & Beyond

Last Buyer's Agent

Theodore Pappas

TVP Realty, Inc. License #2002016211

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,277

Year Built

  • Built in 1979

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,250 Sq Ft Home
  • 2-Story Property
  • Range
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Additional Features

  • 6,098 Sq Ft Lot
  • Baseboard Heating

Community Details

  • 2 Units
  • Crehore Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, sewer, trash collection, water
  • Assessor Parcel Number 03-00-056-112-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,277

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 44.44
  • Estimated Price per Sq Ft: 44.44
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2250
  • Year Built: 1979
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1979

Interior Features

  • Appliances Equipment: Range, Refrigerator
  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 2250.00
  • Sq Ft Approx Total Finished: 2250.00

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached, Door Opener, Electric
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Crehore

Schools

  • School District: Lorain CSD
  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1400
  • Parcel Number: 03-00-056-112-018

Rental Info

  • Tenant Pays: Cable/Electric Link, Electric, Sewer, Trash Collection, Water

Multi Family

  • Unit Count: 2
  • Gross Income: 16500.00
  • Net Income: 13222.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2277

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2022 11/01/22 Sold $100,000 -31.7% $44 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $146,430 -12.3% $65 / Sq Ft
04/01/2022 04/01/22 For Sale $167,000 +154.2% $74 / Sq Ft
09/24/2018 09/24/18 Sold $65,700 -17.9% $29 / Sq Ft View Prior Sale
08/02/2018 08/02/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $80,000 -- $36 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pam Hakaim

    Seller's Agent in 2022

    Pam Hakaim

    RE/MAX

    (440) 935-4294

    57 in this area

    104 Total Sales

    Pam Hakaim
    Section Image

  • T

    Buyer's Agent in 2022

    Theodore Pappas

    TVP Realty, Inc.

    (440) 225-8426

    4 in this area

    7 Total Sales

    Theodore Pappas
    Section Image
  • Tammy Koleski

    Seller's Agent in 2018

    Tammy Koleski

    Howard Hanna

    (440) 935-4910

    26 in this area

    295 Total Sales

    Tammy Koleski
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4360536

MLS Now
Ohio Lorain County Lorain 44052

1405 New Jersey Ave, Lorain, OH

This home is located at 1405 New Jersey Ave, Lorain, OH 44052 since 01 April 2022. This property was built in 1979. 1405 New Jersey Ave is a home located in Lorain County with nearby schools including Larkmoor Elementary School, Longfellow Middle School, and Lorain High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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