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(304) 415-0334
(304) 415-0334 Email (304) 415-0334

1505 Herbert Drive
Lorain, OH 44053

$699,000

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Listing Details

  • $699,000
  • MLS# 5204706
  • Type Commercial - Business
  • Status Active
  • 0.440 acres
    Lot Size
  • 1973
    Year Built
  • Lorain City
    Local Schools

Home Value Estimate

Description

This newly renovated 8 suite apartment building is fully occupied with an excellent rent roll, all at or near $850/month. Each unit is a 1 bed, 1 bath and all are quite spacious! Most units have had flooring, kitchen countertops and backsplash updates, some new cabinets, new baths and fresh paint. The roof was just replaced, as well. A huge money saver maintenance-wise, these units have electric heat in the ceilings, so no boilers or furnaces to worry about and there is 1 community washer/dryer that is coin operated, generating roughly $125/month. These apartment buildings are tucked in amongst other buildings like it and there is plenty...read more

Features

  • Ceiling Fan(s), Wall Unit(s)
  • Electric
  • $5,644 / year Taxes
  • Public
  • Built in 1973

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Preferred Communication Method
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Listed By

Agency Name: Real of Ohio
Agency Contact: juliesellshomes1@gmail.com, 440-829-9268

Shown By

Agent Name: Stevi Pritt
Agent Phone: (304) 415-0334
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact

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Stevi Pritt
Stevi Pritt Cell: (304) 415-0334 Email Me
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/29/2026. The listing information on this page last changed on 04/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/29/2026 12:00:39 AM EST) or CBRMLS (last updated Tue 04/28/2026 11:59:42 PM EST) or Beckley MLS (last updated Tue 04/28/2026 3:00:49 PM EST) or Kanawha Valley MLS (last updated Tue 04/28/2026 11:32:13 PM EST) or HTGN MLS (last updated Tue 04/28/2026 11:39:28 PM EST) or Wheeling MLS (last updated Tue 04/28/2026 10:36:46 PM EST) or West Penn MLS (last updated Tue 04/28/2026 11:28:33 PM EST) or NCWV MLS (last updated Tue 04/28/2026 11:15:14 PM EST) or Mercer/Tazewell MLS (last updated Tue 04/28/2026 11:14:16 PM EST) or MLS NOW (last updated Tue 04/28/2026 11:57:28 PM EST) or Greenbrier Valley Board of Realtors (last updated Tue 04/28/2026 11:01:01 PM EST) or Ashland KY MLS (last updated Tue 04/28/2026 10:20:35 PM EST). Real estate listings held by brokerage firms other than Old Colony, REALTORS® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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