601 Abbe Road NElyria, OH 44035

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. - 95% occupancy at present. 1) Unit being turned currently as of 10/31/2026 - 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 Information

Property type

Commercial Sale

Sub-type

Apartment

Year built

1980

Building area

18,360 Sq Ft

Lot size

0.68 acres

Parking spaces

26

Days on market

2

MLS^® Listing#

5256524

Property Features

Heating

Forced Air

Basement

None

Parking

Additional Parking · Asphalt · Paved · Parking Lot · Private

Fencing

Back Yard · Fenced

Roof

Other · See Remarks

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$26,340Tax year 2025

Parcel number

06-25-026-700-001

Directions

Located on East side of Abbe Rd N and North of I-80 at corner of Hoard Street and Abbe Rd N. - Parking lot at rear