NOT LISTED FOR SALE

448 Delaware Ave Lorain, OH 44052

6 Beds
4 Baths
2,202 Sq Ft
4,356 Sq Ft Lot

Last Sold November 27, 2023

Last sale price $170,000 $77 Per Sq Ft

2 Days on Market

About This Home

As of November 2023

This 4-Unit is a great addition to your portfolio to get positive cash flow every month! 3 of the 4 units are occupied. The current rents are 2 bedrooms ($725) 2 Bedrooms (Vacant) 1 Bedroom ($588) 1 Bedroom ($688). The tenants pay for the gas and electricity. The owner pays for the water/sewer. The units are in good shape to keep your expenses low - don’t wait for this great investment!

Last Agent to Sell the Property

Austin McClain

Deleted Agent Brokerage Email: (614) 858-8856 broker@reafco.com License #2022000002 Listed on: 10/23/2023

Last Buyer's Agent

Blake Park

REAFCO License #2020007667

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,225

Year Built

  • Built in 1923

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,202 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • Paved Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 02-01-003-110-050

Community Details

Overview

  • 4 Units
  • Fair Home Allotment Subdivision

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,225

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1923
  • Attribution Contact: (614) 858-8856 broker@reafco.com
  • Subdivision Name: Fair Home Allotment
  • Above Grade Finished Sq Ft: 2202.0
  • Carport Y N: No
  • Garage Yn: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Paved

Utilities

  • LaundryFeatures: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-003-110-050
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1225.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 List to Sale Price per Sq Ft Prior Sale
11/27/2023 11/27/23 Sold $170,000 0.0% $77 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/23/2023 10/23/23 For Sale $170,000 +4.6% $77 / Sq Ft
04/14/2023 04/14/23 Sold $162,500 +1.6% $74 / Sq Ft View Prior Sale
03/08/2023 03/08/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $159,900 0.0% $73 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
12/29/2022 12/29/22 For Sale $159,900 +392.0% $73 / Sq Ft
05/17/2018 05/17/18 Sold $32,500 -22.4% $15 / Sq Ft View Prior Sale
05/12/2018 05/12/18 Pending -- -- --
04/25/2018 04/25/18 Price Changed $41,900 -4.6% $19 / Sq Ft
04/11/2018 04/11/18 Price Changed $43,900 -8.4% $20 / Sq Ft
04/02/2018 04/02/18 Price Changed $47,900 -7.7% $22 / Sq Ft
03/12/2018 03/12/18 For Sale $51,900 -- $24 / 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 $3,932 $61,905 $7,021 $54,884
2023 $1,238 $15,750 $7,021 $8,729
2022 $1,225 $15,750 $7,021 $8,729
2021 $1,231 $15,750 $7,020 $8,730
2020 $1,265 $15,750 $7,020 $8,730
2019 $1,377 $17,290 $7,020 $10,270
2018 $1,351 $17,290 $7,020 $10,270
2017 $2,311 $26,740 $5,750 $20,990
2016 $2,282 $26,740 $5,750 $20,990
2015 $2,175 $26,740 $5,750 $20,990
2014 $1,591 $26,740 $5,750 $20,990
2013 $1,579 $26,740 $5,750 $20,990
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Austin McClain

    Deleted Agent

    Section Image
  • Mike Azzam

    Seller's Agent in 2023

    Mike Azzam

    RE/MAX

    (216) 456-3855

    10 in this area

    1,973 Total Sales

    Mike Azzam
    Section Image

  • B

    Buyer's Agent in 2023

    Blake Park

    REAFCO

    (614) 769-1555

    1 in this area

    76 Total Sales

    Blake Park
    Section Image

  • N

    Buyer's Agent in 2023

    Non-Member Non-Member

    Non-Member

  • T

    Seller's Agent in 2018

    Theodore Ristas

    Deleted Agent

    Section Image

  • J

    Buyer's Agent in 2018

    Joe Solkiewicz

    Walnut Creek Property Management, LLC.

    (440) 308-7800

    11 in this area

    53 Total Sales

    Joe Solkiewicz
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4499235

MLS Now

APN: 02-01-003-110-050

Ohio Lorain County Lorain 44052

448 Delaware Ave, Lorain, OH

Not Listed for Sale

MultiFamily

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