Property Description

Unique opportunity to own apartment complex in suburban Elyria! This complex has had several unit renovations in 2024 & 2025. New luxury flooring, paint, kitchens, bath fixtures, plumbing, finish work. Each town home boasts 918 sq ft on 2 stories, and feel like home. Each unit has its own laundry room with hookups. 1.5 baths each unit with open floor plans, living space on main floor and bedrooms upstairs. Out the back door there is a small back yard and sitting patio privately fenced in for that home style feeling. Combined with private off-street parking and the town-home layout allows for longer tenancy / residency and lower unit turnover. ASSET SUMMAR / NOTES: - Newer metal roof in last 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. - Parking: 26 space parking lot at rear. Location: - Directly across from Northwood School Campus Middle school - walk to school - Next door is the Elyria Fire Station #4 - reduced insurance premium - Lorain Community College within 3 miles attracts school administrators and students alike. - Highway access just minutes to I 80 and Route 20. - Bus stop outside on Abbe Rd in front of complex - Nearby retail/food/park - Abbe Rd Mall.

Property Features

Local Schools