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Updated 3 days ago

Colony Arms

VERIFIED

1820 Cooper Foster Pk Lorain, OH

2 Bed
•
1 Bath

962 Sq. Ft.

Available Now
Floor plans
2 Beds • 1 Bath
$1,020
962 ft2
1 Available
CAA01
$1,020
Available Now
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Colony Arms
Colony Arms
Colony Arms
Location ratings
Walk Score®
68
Somewhat Walkable
Bike Score®
43
Somewhat Bikeable
Amenities
On-site Laundry
Water Included
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Restrictions:

We use a third-party service, PetScreening, to ensure all applicants understand how to adhere to the property's pet and animal policies, even if you do not have a pet or animal.

All applicants should complete a Pet, No Pet, or Animal Profile.

Size Restrictions:

Dog up to 50 lbs. Dog up to 50 lbs. Dog up to 50 lbs. Cat up to 50 lbs. Cat up to 50 lbs. Cat up to 50 lbs.

Lease & Fees
Application Fee: $0
Security Deposit: $965.00
Admin Fee: $75.0000
Property details
Description

Welcome to Colony Arms Apartments – Your Gateway to Convenience! Nestled on Cooper Foster Park Rd., Colony Arms offers a prime location with instant access to everything you need. From shopping and restaurants to highways and public transportation, our community ensures that you're at the center of it all.
APARTMENT FEATURES:
Balcony, Patio, Deck for Your Personal Oasis
Updated Appliances*
Private Fenced Courtyard for Added Privacy and Charm
COMMUNITY FEATURES:
Secure Building Entry for Your Peace of Mind
On-Site Property Management for Prompt Assistance
24 Hour Emergency Maintenance for Your Convenience
On-Site Laundry for Effortless Living
Spacious Lawn Areas for Outdoor Recreation
Ample Parking for Residents and Guests
Weekly Common Area Cleaning for a Well-Maintained Atmosphere
For availability or to fill out an application, visit us at www.madisondevelopmentcompany.com
*Availability in select units. Terms and conditions apply.

Additional Details
Total Unit Count: 4
Last Updated: Updated 3 days ago
Contact Number: (330) 771-9139
Property manager information
Madison Development Company, LLC
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Office Hours
Monday: 9:00 AM - 4:00 PM
Tuesday: 9:00 AM - 4:00 PM
Wednesday: 9:00 AM - 4:00 PM
Thursday: 9:00 AM - 4:00 PM
Friday: 9:00 AM - 4:00 PM
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Colony Arms by bedroom type below.
2 Bedroom
Suggested income:
$36,700
per year
Rent report

Colony Arms Rent vs. Lorain Average

 Colony Arms      Lorain Average
2BR
$1,020
$879
$0
$350
$700
$1,050
$1,400

Colony Arms is asking 16% more than the average 2 bedroom apartment in Lorain.

If you upsized to an average priced Lorain 3 bedroom apartment, you would pay 28% more per month.

If you downsized to an average priced Lorain 1 bedroom apartment, you would pay 24% less per month.

Colony Arms provides 22% more square footage than the average Lorain 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Colony Arms
2BR $1,020 $1.10 $3,060
Lorain Average
Studio $657 $1.40 $1,971
1BR $707 $1.20 $2,120
2BR $879 $1.10 $2,636
3BR $1,225 $1.00 $3,674
4BR $1,527 $1.00 $4,580

Availability in Lorain

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 37 2BR units on the market in Lorain. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
9% 18% 45% 16% 11%
Available Units in Lorain
Studio 7
1BR 15
2BR 37
3BR 13
4BR 9
Location
Nearby College

Lorain County Community College

Nearby Hospitals
Name Distance
Specialty Hospital Of Lorain 1.85 mi.
Mercy Regional Medical Center 2.34 mi.
Clear Vista Health & Wellness 2.39 mi.
Nearby Fire Stations
Name Distance
Amherst Fire Department 1.21 mi.
Sheffield Township Fire Department 1.22 mi.
Lorain Fire Department 1.22 mi.
FAQs
Do you accept Section 8 housing?
We do not accept Section 8.
What is your Employment/Income Verification criteria?
Your income needs to average 3 times your monthly rent. For example, if the apartment you wish to rent is $500/month, you must gross income about $1500/mo.
Do you require a security deposit?
Yes, equal to one months rent.
Is there a hold deposit after application is approved?
$100 non-refundable hold deposit must be paid within 48 hours of approval to hold unit; applied toward security deposit balance.
When is the security deposit due?
Remaining balance of security deposit must be made within 7 days of the $100 non-refundable hold deposit.
Is Renters Insurance Required?
Yes, all leaseholders are required to obtain and maintain their own renters' insurance during the time of their lease.
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