Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1980
Sq.Footage
N/A
Unique opportunity to own apartment complex in suburban Elyria! This complex has had several unit renovations in 2022 and 2023. New flooring, paint, some fixtures, plumbing, finish work. Each unit has its own laundry room with hookups. 1.5 baths each unit. Each unit has its own parcel id number as well which could open the door for other development/renovation opportunities. Newer metal roof in last 5-7 years. Townhome style floorplan. 19- 2 bed units with 1 - 3 bed unit . 99% occupancy at present and rent increases along with a flat water fee of $75.00 has been implemented on all incoming tenants. Diverse mix of both traditional and Section 8 residency, thus limiting some of the risk. Privacy fencing and ample 26 space parking lot exist. Lorain Community College within 3 miles. Highway access 3-4 miles. Nearby retail/food/park. Elementary School right across the street. Rents coming in are at $800.00/month with flat $75 monthly water fee.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
NO
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Site, Paved
-
Pool
No
Area & Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$1,300,000
-
Tax Amount
20240.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Elyria CSD - 4706
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
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Location
County
Lorain
Elementary School
Elyria CSD - 4706
Middle School
High School
Listing Courtesy of Rebecca L Bauer , Realtywise, Inc.
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AGENT
JeffHelfrich
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