6037 Lake Rd W - Apartments FOR SALE


Ashtabula, OH 44004
$1,695,000 USD
239-264-1100
6037 Lake Rd W, Ashtabula, OH for Sale
$1,695,000 USD
Apartments - FOR SALE
1/14
null | 9.3% Cap Rate

6037 Lake Rd W
Ashtabula, OH 44004


HIGHLIGHTS

  • 100% Leased
  • Fully Furnished
  • Turnkey

OVERVIEW

A rare opportunity to own a truly turnkey Lake Erie investment property where location, condition, and flexibility come together. This fully occupied, fully furnished property has an excellent rental history and has been meticulously cared for, with every residence beautifully renovated within the last thirty months. Each unit enjoys impressive Lake Erie views, patio, attached garage, and convenient on-site parking, all just minutes from the beaches, dining, entertainment, and attractions of Geneva-on-the-Lake. Even more compelling, the work has already been completed to allow the residences to be sold individually as townhomes, giving the next owner an exciting additional exit strategy and long-term upside. Additional rental and operating information is available to qualified buyers.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

7

PRICE/UNIT

$242,143

CAP RATE

9.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2002

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Multifamily

APN/PARCEL ID

480172000100,480172000200,480172000300,480172000400,480172000500,480172000600,480172000700

ASK ABOUT THIS PROPERTY

Mark ZervosPlatinum Real EstateMore Info
239-264-1100

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Mark ZervosPlatinum Real EstateMore Info
239-264-1100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.