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 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
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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
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 View Prior Sale
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

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 $1,773 $41,951 $1,708 $40,243
2023 $922 $17,448 $1,519 $15,929
2022 $914 $17,448 $1,519 $15,929
2021 $914 $17,448 $1,519 $15,929
2020 $930 $15,420 $1,340 $14,080
2019 $925 $15,420 $1,340 $14,080
2018 $855 $15,420 $1,340 $14,080
2017 $786 $12,350 $1,510 $10,840
2016 $780 $12,350 $1,510 $10,840
2015 $737 $12,350 $1,510 $10,840
2014 $680 $11,440 $1,400 $10,040
2013 $675 $11,440 $1,400 $10,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5068790

MLS Now

APN: 02-00-093-107-007