21
See all 21 photos
$1,900,000
Est. payment /mo
0.68 Acres Lot
New
601 Abbe RD N Elyria, OH 44035
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5256524
HOA Y/N No
Year Built 1980
Annual Tax Amount $26,340
Tax Year 2025
Lot Size 0.679 Acres
Acres 0.679
Property Sub-Type Apartment
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.
- 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.
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.
Location
State OH
County Lorain
Rooms
Basement None
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Additional Parking, Asphalt, Paved, Parking Lot, Private
Fence Back Yard, Fenced
Water Access Desc Public
Roof Type Other,See Remarks
Total Parking Spaces 26
Building
Sewer Public Sewer
Water Public
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-25-026-700-001
Acceptable Financing Cash, Private Financing Available
Listing Terms Cash, Private Financing Available
Special Listing Condition Standard
Listed by James P Matheos • Keller Williams Citywide • jmatheos@kw.com, 440-847-9033
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