NOT LISTED FOR SALE

1607 W 23rd St Lorain, OH 44052

6 Beds
2 Baths
1,944 Sq Ft
6,098 Sq Ft Lot

Last Sold June 14, 2024

Last sale price $160,000 $82 Per Sq Ft

5 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of June 2024

Welcome to this fantastic opportunity to increase your monthly cash-flow with 1607-1609 W 23rd St in Lorain! This spacious 6-bedroom, 2 full-bath side-by-side duplex is ideally located within walking distance to Lorain High School, making it a prime choice for families or students. Currently, the property generates $1,550 in rent with tenants on a month-to-month lease, offering flexibility for new ownership. Key features include updated HVAC in unit #1 within the last 15 years and HVAC #2 within the past 10 years. Both HWT's are 10 years old or less. Roof 12 years old. With the LMHA currently offering up to $1,577 for 3-bedroom units, there's a potential to increase the monthly income to over $3,000! Whether you're looking to start your real estate investment journey or add to your existing portfolio, this well-maintained duplex presents a lucrative opportunity. Don't miss out on this gem; schedule your showing today!

Last Agent to Sell the Property

Heidi Huffman

Howard Hanna Brokerage Email: heidihuffman@howardhanna.com 440-714-1353 License #2020000275 Listed on: 04/20/2024

Howard Hanna

Last Buyer's Agent

Mathew Chase

Keller Williams Greater Metropolitan License #2013002819

Keller Williams Greater Metropolitan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,428

Year Built

  • Built in 1969

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,944 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 02-02-016-104-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,428

Year Built

Built in 1969

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1969
  • Attribution Contact: heidihuffman@howardhanna.com 440-714-1353
  • Above Grade Finished Sq Ft: 1944.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Acres: 0.14
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • LaundryFeatures: In Unit
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-02-016-104-005
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1428.0
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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
06/14/2024 06/14/24 Sold $160,000 +0.6% $82 / Sq Ft
04/20/2024 04/20/24 For Sale $159,000 -- $82 / Sq Ft
Source: MLS Now (Howard Hanna)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,728 $40,884 $6,836 $34,048
2023 $1,428 $27,027 $5,719 $21,308
2022 $1,398 $27,027 $5,719 $21,308
2021 $1,398 $27,027 $5,719 $21,308
2020 $1,291 $21,690 $4,590 $17,100
2019 $1,284 $21,690 $4,590 $17,100
2018 $1,285 $21,690 $4,590 $17,100
2017 $1,378 $21,930 $5,960 $15,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5032226

MLS Now (Howard Hanna)
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