USAOHLorainAshwood Acres Sub #11505 Herbert Dr
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New
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$699,000

For Sale

7 hours ago

1505 Herbert Dr, Lorain, OH

Condo

MLS® 5204706

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage 
HOA Fees $300
Taxes $5,644
Days Active 0
Approx. Age 1973
MLS® Number 5204706

Property Address: 1505 Herbert Dr, Lorain, OH, 44053-3669

Average square foot calculated using Size range provided by listing agent.

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 of parking for tenants in the rear of the building. This building is a dream for a landlord.
MLS® Number5204706
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1973
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 27, 2026List Date
$699,000List Price
  • Commute

Commute

Starting Address
Destination Address
1505 Herbert Dr, Lorain, OH

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Julie L Hogston

Listing Agent

Julie L Hogston

[email protected]
440-829-9268
John G Hogston

Listing Agent

John G Hogston

[email protected]
440-503-0441
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