Discover the perfect investment opportunity in Spencer

Ohio. Offering two units, each with 2 bedrooms, 2 full bathrooms and radiant heat flooring. One unit features a two-car garage, while the other offers a one-car garage, ensuring ample parking and storage space. Nestled on quiet street, minutes away from downtown Spencer. Don't miss this investment opportunity!

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on 109 Rainbow St
in Spencer, OH
Presented by Rick Stallard at
M.C. REAL ESTATE.


Property MLS #5033247 from MLSNOW
▶ Virtual Tour

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 4

+ Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

+ Appliances

Microwave
Range
Refrigerator
Laundry Features: InUnit

+ Heating and Cooling

Cooling Features: CentralAir
Heating Features: HotWater, Steam
Heating: Yes

+ Land Info

Lot Size Acres: 0.37
Lot Size Source: Assessor
Lot Size Square Feet: 16117

+ Garage and Parking

Garage Spaces: 3
Parking Features: GarageFacesFront, Garage, GarageDoorOpener

+ Home Features

View: Neighborhood

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 1

+ School Information

Elementary School District: Black River LSD - 5201
High School District: Black River LSD - 5201
Middle or Junior School District: Black River LSD - 5201
+ Display Complete School Details

Black River High School is a public high school located approximately 3.8 miles away.
Map directions

Black River Education Center Middle School is a public middle school located approximately 3.9 miles away.
Map directions

Black River Education Center Elementary School is a public elementary school located approximately 3.9 miles away.
Map directions

Eastview Amish School is a private elementary and middle school located approximately 3 miles away.
Map directions

+ Rental Info

Gross Income: 1650
Tenant Pays: AllUtilities

+ Other Property Info

Annual Tax Amount: 4189
Source Listing Status: Active
County: Medina
Directions: S Main to Rainbow Street. Several houses down on the left.
Tax Year: 2023
Source Property Type: ResidentialIncome
Source Neighborhood: F & B
Parcel Number: 037-27A-06-038
Subdivision: F & B
Township: Seville Village
Property Subtype: Duplex
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$65,990 + $22,990 $88,980	$4,279
2021	$59,990 + $20,900 $80,890	$3,896
2020	$59,990 + $20,900 $80,890	$3,959
2019	$59,990 + $20,900 $80,890	$3,968
2018	$48,780 + $18,630 $67,410	$3,433
2017	$48,780 + $18,630 $67,410	$3,434
2016	$48,780 + $18,630 $67,410	$3,470
2015	$45,580 + $17,420 $63,000	$3,307
2014	$45,580 + $17,420 $63,000	$3,312
2013	$45,580 + $17,420 $63,000	$3,331
2012	$46,830 + $16,560 $63,390	$2,930
2011	$46,830 + $16,560 $63,390	$2,867
2010	$46,830 + $16,560 $63,390	$2,835
2009	$50,360 + $17,070 $67,430	$2,928
2008	$50,360 + $17,070 $67,430	$2,984
2007	$50,360 + $17,070 $67,430	$2,986

+ Reveal Property Sale History

Listed 2024-04-26
$269,000
MLSNOW

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Sold 2000-12-01
$26,900
Public Record

+ Building and Construction

Total Square Feet Living: 2440
Year Built: 2001
Above Grade Finished Area: 2440
Above Grade Finished Area Source: Assessor
Construction Materials: VinylSiding
Levels: One
Living Area Units: SquareFeet
Property Age: 23
Roof: Shingle
Levels or Stories: 1

+ Utilities

Sewer: PublicSewer
Water Source: Public