Remarks

20 Units for sale consisting of the following: 8 unit with 2 bedrooms, 10 units with 8 1-bedrooms and 2 2- bedrooms, a Duplex and an empty residential lot

The 8-unit apartment townhouse complex offers comfortable and modern living spaces. Each unit features over 500 Sq feet of space all with two bedrooms with ample closet space. There is also a well-designed full bathroom upstairs and a convenient half-bathroom on the main floor, offering privacy and functionality. The townhouse includes a cozy back patio, providing a great spot for outdoor relaxation or entertaining guests. It’s also situated just minutes away from the scenic Lake Erie and vibrant Downtown Lorain, offering access to both nature and city life. Each unit has two dedicated parking spots and includes laundry inside each unit ensuring convenience for residents and guests. The building is well-maintained, with a newer roof, installed within the last 4 years. These apartments offer a balance of modern amenities, practical design, and a fantastic location near all the essentials.
The 10-unit apartment complex offers a mix of 1-bedroom, 1-bath units and 2-bedroom, 1-bath units, ideal for a variety of tenants. Of the 10 units, 8 are one-bedroom and 1-bath, while 2 are two-bedroom, one-bath units, catering to different living preferences. Some of the units have been recently updated, featuring modern appliances, fresh paint, and stylish finishes to enhance the living experience. For added convenience, the complex includes a common laundry area, equipped with Bluetooth-enabled features, making it easy for residents to check on the status of their laundry remotely. The complex also has ample parking, ensuring that tenants and visitors alike have no trouble finding a spot.

Also includes a Duplex located at 116 Arkansas Ave Lorain each unit rents for $750, vacant lot to the right of 116 also comes with the sale. There is an easement for the Lorain Port of Authority.
Total Gross rents $17300

Details

MLS#: 5100301
Price: $1,499,000

Style: Apartment
Sq Ft: 0
Year Built: 1972

County: Lorain
Subdivision: Black River 01
Tax Fee: 17988

School District: Lorain CSD - 4709