NOT LISTED FOR SALE

2394 Elyria Ave Lorain, OH 44055

4 Beds
2 Baths
2,964 Sq Ft
8,276 Sq Ft Lot

Last Sold September 30, 2024

Last sale price $86,000 $29 Per Sq Ft

7 Days on Market

About This Home

As of September 2024

Attention all investors! All-brick exterior duplex is the perfect opportunity for the beginning investor or a great addition to your existing portfolio. One unit is currently vacant for easy showings, but it's rent-ready for an owner-occupant (live in one unit and let the other cover your mortgage) or rent both units to maximize revenue. First-floor unit is tenant-occupied & will be shown to serious buyers only. Includes a 3rd-floor walk-up, easily accessible from either unit, providing valuable storage or potential expansion space. Each 2-bedroom, 1-bath unit features a desirable floor plan, well-lit w/hardwood & hard surface flooring throughout. Market rent is approximately $795 per month, appliances included. Tenants pay for gas/electric, while the owner covers water/sewer/trash. Full basement offers washer/dryer for tenant use if desired. Recent updates include a newer roof, updated electrical, & 2021 hot water tank. Property is self-managed by an out-of-state investor, but professional management services are available for a smooth transition. 2nd-floor unit, 3rd floor attic, & basement are easy to show on short notice. Great SECTION 8 property, low taxes/expenses, low regulation with no lead certification requirement. Don’t miss this lucrative opportunity—schedule your tour today!

Last Agent to Sell the Property

Christopher Frederick

Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com 216-210-7653 License #426983 Listed on: 09/09/2024

Coldwell Banker Schmidt Realty

Last Buyer's Agent

Kimberly Lewis

Home Equity Realty Group License #2017004453

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $922

Year Built

  • Built in 1900

Lot Details

  • 8,276

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Fiberglass Roof
  • Asphalt Roof

Interior Spaces

  • 3-Story Property
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Balcony
  • 8,276 Sq Ft Lot

Community Details

  • Black River Township Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-00-093-107-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$922

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1900
  • Attribution Contact: thefrederickteam@gmail.com 216-210-7653
  • Co List Office Mls Id: 2787
  • Co List Office Phone: 440-327-2123
  • Subdivision Name: Black River Township
  • Above Grade Finished Sq Ft: 1976.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 988.0
  • Stories: 3
  • Stories: 3

Exterior Features

  • Exterior Features: Balcony
  • Roof: Asphalt, Fiberglass
  • Acres: 0.19
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Patio And Porch Features: Balcony

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • LaundryFeatures: In Basement
  • Cooling: None, Wall/Window Unit(s)
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Elyria CSD - 4706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-00-093-107-007
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 922.0

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
09/30/2024 09/30/24 Sold $86,000 -4.3% $29 / Sq Ft
09/09/2024 09/09/24 For Sale $89,900 +45.0% $30 / Sq Ft
12/29/2021 12/29/21 Sold $62,000 -5.9% $31 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $65,900 -- $33 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christopher Frederick

    Seller's Agent in 2024

    Christopher Frederick

    Coldwell Banker Schmidt Realty

    (216) 210-7653

    56 in this area

    687 Total Sales

    Christopher Frederick
    Section Image
  • Kimberly Lewis

    Buyer's Agent in 2024

    Kimberly Lewis

    Home Equity Realty Group

    (614) 404-4018

    14 in this area

    146 Total Sales

    Kimberly Lewis
    Section Image
  • Charles Lewis

    Buyer Co-Listing Agent in 2024

    Charles Lewis

    Home Equity Realty Group

    (440) 539-4864

    11 in this area

    83 Total Sales

    Charles Lewis
    Section Image
  • David Stokes

    Seller's Agent in 2021

    David Stokes

    McCrae & Co. Real Estate, LLC

    (216) 331-8515

    1 in this area

    14 Total Sales

    David Stokes
    Section Image

  • M

    Buyer Co-Listing Agent in 2021

    Michele Frederick

    Coldwell Banker Schmidt Realty

    12 in this area

    131 Total Sales

    Michele Frederick
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5068790

MLS Now

APN: 02-00-093-107-007

Ohio Lorain County Lorain 44055

2394 Elyria Ave, Lorain, OH

This home is located at 2394 Elyria Ave, Lorain, OH 44055 since 09 September 2024. This property was built in 1900. 2394 Elyria Ave is a home located in Lorain County with nearby schools including Garfield Elementary School, Southview 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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