NOT LISTED FOR SALE

240 8th St Elyria, OH 44035

3 Beds
2 Baths
1,999 Sq Ft
0.25 Acre Lot

Sale Details

Date 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

RE/MAX Above & Beyond License #2020004334 Listed on: 12/16/2023

RE/MAX Above & Beyond

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

  • 10,890 Sq Ft Lot

Parking

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

Home Design

  • Duplex
  • 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

0.25 Acres

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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

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 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5007227

MLS Now

APN: 06-26-022-101-006

Your Personal Tour Guide

Ask me questions while you tour the home.