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$ 1,100,000
$ 1,299,000 15.3%
121 E Erie AVE Lorain, OH 44052
1.1 Acres Lot
UPDATED:
Key Details
Sold Price $1,100,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Black River 01
MLS Listing ID 5100301
Sold Date 06/12/25
HOA Y/N No
Year Built 1972
Annual Tax Amount $17,988
Tax Year 2024
Lot Size 1.100 Acres
Acres 1.1
Property Sub-Type Apartment
Property Description
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
Location
State OH
County Lorain
Rooms
Basement Partial
Interior
Heating Baseboard, Forced Air, Gas, Hot Water, Steam
Cooling Central Air, Wall Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Additional Parking, Assigned, Driveway, No Garage, Paved, Parking Lot
Fence Partial, Vinyl
Water Access Desc Public
Roof Type Asphalt
Present Use Commercial,Vacant
Total Parking Spaces 30
Building
Foundation Basement
Sewer Public Sewer
Water Public
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-01-001-105-022
Acceptable Financing Cash, Conventional, 1031 Exchange, Private Financing Available
Listing Terms Cash, Conventional, 1031 Exchange, Private Financing Available
Financing Conventional
Bought with Laura A Jackson • RE/MAX Above & Beyond