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6037 Lake Rd W 7 Unit Apartment Building $1,695,000 ($242,143/Unit) Ashtabula, OH 44004
Investment Highlights
- 100% Leased
- Turnkey
- Fully Furnished
Executive Summary
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.
Property Facts
| Price | $1,695,000 | Building Class | B |
| Price Per Unit | $242,143 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 8,960 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2002 |
| Apartment Style | Townhome | Parking Ratio | 2.46/1,000 SF |
| Zoning | Multifamily | ||
| Price | $1,695,000 |
| Price Per Unit | $242,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.66 AC |
| Building Size | 8,960 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2002 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Storage Space
- Washer/Dryer
- Refrigerator
- Range
- Views
- Yard
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Playground
- Furnished Units Available
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 7 | - | 1,400 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $194,320 | |
| Land Assessment | $31,850 | Total Assessment | $226,170 |
Property Taxes
Parcel Numbers
Land Assessment
$31,850
Improvements Assessment
$194,320
Total Assessment
$226,170
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