6037 Lake Rd, Ashtabula, OH 44004
7 Unit Apartment Building | $1,699,000 ($242,714/Unit) | 8.90% Cap Rate | Ashtabula, OH 44004
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,699,000
- Property Type
-
Multifamily
- Square Feet
- 8,960 SF
Listing Contacts
Shawni Marich
Verified Profile
Sarah Tracy
Verified Profile
- Property Info
Property Overview
Prime investment opportunity. This building includes 7 townhouse style condos offering many options for the savvy investor. Currently 6 of 7 are marketed and leased through short to medium term rental stays and the 7th has a longer term tenant in place. Fantastic location, up-to-date remodeled building, a stone's throw from Lake Erie, and a short drive to the resort town Geneva-on-the-Lake and historic Ashtabula Harbor.
Property Details
- Class
- B
- Year Built/Renovated
- 2002/2023
- Stories
- 3
- Lot Size (sq. ft)
- 28,750 SF
- Units
- 7
Highlights
- Nicely remolded townhomes
- Mix of short-term, medium-term and long-term stays
- Easy management with all units at same location
- Flexibility with the building since each condo is individually deeded
- Close proximity to Lake Erie, local parks, beaches, and attractions
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