NOT LISTED FOR SALE

847 S Central Dr Lorain, OH 44052

9 Beds
4 Baths
1,768 Sq Ft
0.41 Acres

Last Sold March 18, 2024

Last sale price $212,000 $120 Per Sq Ft

7 Days on Market

Highlights

  • 0.41 Acre Lot
  • Forced Air Heating System
  • Energy-Efficient Windows
  • Double Pane Windows

About This Home

As of March 2024

Welcome to Your Investment Opportunity in Lorain, Ohio!

This 4-unit apartment building, nestled in a community-oriented neighborhood, offers an excellent opportunity for savvy investors. Conveniently located near parks and schools, this property is not only an ideal choice for residents but promises great returns for those looking to capitalize on the growing rental market in Lorain. Mechanicals Good 3 units Have Been Updated! Gross rents total 3,100 monthly.

Last Agent to Sell the Property

Dulcey Barr

Aspire Community Realty, LLC License #2004015911 Listed on: 01/29/2024

Last Buyer's Agent

Dulcey Barr

Aspire Community Realty, LLC License #2004015911 Listed on: 01/29/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,056

Lot Details

  • 0.41 Acre Lot

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,768 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Laundry in unit

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Parking

  • Parking Pad
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Lighting

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Central Park Homes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-01-006-164-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,056

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Subdivision Name: Central Park Homes
  • Above Grade Finished Sq Ft: 1768.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Efficiency: Lighting, Windows
  • ResoWindowFeatures: Double Pane Windows, Insulated Windows
  • Tax Year: 2023
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 9
  • Stories: 2
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.41
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Parking Pad

Utilities

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

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-006-164-001
  • ResoLotSizeUnits: Acres

Green Features

  • Green Water Conservation: Low-Flow Fixtures

Multi Family

  • Gross Income: 3100.0

Tax Info

  • Tax Annual Amount: 2056.0
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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
03/18/2024 03/18/24 Sold $212,000 +8.8% $120 / Sq Ft
02/06/2024 02/06/24 Pending -- -- --
01/29/2024 01/29/24 For Sale $194,900 -- $110 / 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 $2,873 $44,982 $11,253 $33,730
2023 $2,055 $26,152 $9,377 $16,776
2022 $2,035 $26,152 $9,377 $16,776
2021 $2,044 $26,152 $9,377 $16,776
2020 $2,101 $26,160 $9,380 $16,780
2019 $2,083 $26,160 $9,380 $16,780
2018 $2,044 $26,160 $9,380 $16,780
2017 $2,479 $28,680 $5,600 $23,080
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Dulcey Barr

    Aspire Community Realty, LLC

    (216) 235-5241

    1 in this area

    35 Total Sales

    Dulcey Barr
    Section Image

  • S

    Buyer Co-Listing Agent in 2024

    Steven Aviram

    Aspire Community Realty, LLC

    (216) 269-0076

    2 in this area

    234 Total Sales

    Steven Aviram
    Section Image
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Map

Source: MLS Now

MLS Number: 5013990

MLS Now
Ohio Lorain County Lorain 44052

847 S Central Dr, Lorain, OH

Not Listed for Sale

MultiFamily

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