NOT LISTED FOR SALE

2394 Elyria Ave Lorain, OH 44055

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

Sale Details

Date 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

  • Duplex
  • 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

8,276 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,209 $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

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