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Sold for $86,000 on 09/30/24
  • $86,000

    2394 Elyria Ave, Lorain, OH 44055

    4beds
    2,964sqft
    Duplex, Multi Family
    Built in 1900
    -- sqft lot
    $133,000 Zestimate®
    $29/sqft
    $1,098 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: September 30, 2024 at 08:53am

    Listing Provided by:

    Christopher A Frederick thefrederickteam@gmail.com216-210-7653,

    Coldwell Banker Schmidt Realty,

    Patricia A Frederick 440-537-4685,

    Coldwell Banker Schmidt Realty

    Bought with:

    Kim Lewis, 2017004453

    Home Equity Realty Group

    Charles Lewis, 2020001184

    Home Equity Realty Group

    Source: MLS Now,MLS#: 5068790MLS LogoOriginating MLS: Lorain County Association Of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Gas
    Cooling
    • None, Wall/Window Unit(s)
    Appliances
    • Included: Range, Refrigerator
    • Laundry: In Basement
    Features
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 2,964
    • Total interior livable area: 2,964 sqft
    • Finished area above ground: 1,976
    • Finished area below ground: 988

    Property

    Parking
    • Parking features: Driveway
    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Balcony
    • Exterior features: Balcony
    Lot
    • Size: 8,276 sqft
    Details
    • Parcel number: 0200093107007

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Brick
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Lorain
    • Subdivision: Black River Township
    Services availability
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    Estimated market value

    $133,000