NOT LISTED FOR SALE

240 8th St Elyria, OH 44035

3 Beds
2 Baths
1,999 Sq Ft
0.25 Acres

Last Sold February 20, 2024

Last sale price $84,000 $42 Per Sq Ft

46 Days on Market

About This Home

As of February 2024

Attention investors! Welcome to this fully occupied, income-generating duplex, minutes from downtown Elyria. Unit A is 1 bedroom/1 bath occupied with a market rate tenant at $650 monthly. Unit B is 2 bedrooms/1 bath occupied with a market rate tenant at $750 monthly. Amazing opportunity to just collect rents! 16+% ROI. Perfect addition to your portfolio!

Last Agent to Sell the Property

Armani Adames

Russell Real Estate Services License #2020004334 Listed on: 12/16/2023

Russell Real Estate Services

Last Buyer's Agent

Brian Gilbert

The Holden Agency License #2015000042

The Holden Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,584

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • On-Street Parking

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,999 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • R H Penfields Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 06-26-022-101-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,584

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1900
  • Subdivision Name: R H Penfields Add
  • Above Grade Finished Sq Ft: 1999.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Tax Year: 2022
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.25
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Detached, Garage, On Street

Utilities

  • Cooling: None
  • 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: 06-26-022-101-006
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 16800.0

Tax Info

  • Tax Annual Amount: 1584.0
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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
02/20/2024 02/20/24 Sold $84,000 -6.6% $42 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
01/23/2024 01/23/24 For Sale $89,900 0.0% $45 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
12/16/2023 12/16/23 For Sale $89,900 +282.6% $45 / Sq Ft
09/22/2017 09/22/17 Sold $23,500 -16.1% $11 / Sq Ft View Prior Sale
09/08/2017 09/08/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $28,000 -- $13 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

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 $2,181 $44,989 $10,626 $34,363
2023 $1,589 $28,455 $6,160 $22,295
2022 $1,584 $28,455 $6,160 $22,295
2021 $1,612 $28,455 $6,160 $22,295
2020 $1,685 $26,090 $5,650 $20,440
2019 $1,626 $26,090 $5,650 $20,440
2018 $1,648 $26,090 $5,650 $20,440
2017 $1,668 $25,110 $5,310 $19,800
2016 $1,615 $25,110 $5,310 $19,800
2015 $1,515 $25,110 $5,310 $19,800
2014 $1,497 $25,110 $5,310 $19,800
2013 $1,484 $25,110 $5,310 $19,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5007227

MLS Now

APN: 06-26-022-101-006