11300 W Lake Rd - Residential Income FOR SALE


Vermilion, OH 44089- Vermillion
$598,000 USD
440-864-4257

NO PHOTO

$598,000 USD
Residential Income - FOR SALE
null | Request Cap Rate

11300 W Lake Rd
Vermilion, OH 44089
Vermillion


OVERVIEW

DON'T MISS OUT on this Amazing 3 acre treed lot w/3 individual homes that are currently month to month rentals. First one from the road is the Remodeled/Freshly stained 1880's shiplap barn w/lake view ready for you to add your finishing touches on the upper level. It is prepped for an additional full bath with 2 rooms & large open space. Moving towards the back of the property are two additional single family homes: a two bath cottage & a one bedroom, one bath A frame. Both have new electrical, roofs, windows & wood stained siding that has been freshly stained. The properties are nicely located so each house has ample space and privacy. This property has a new septic, leach bed & water lines that services each unit. All the renters have been there for five years & would like to stay. So many options w/this one of a kind property: keep the Barn for yourself & convert it into a Barndominium while renting the other 2 homes or keep it the way it is and use the upper barn space for an art studio, hobby area or whatever fits your needs. Close to downtown Vermilion & Huron for shopping, dinning, entertainment, lakefront fun & much more. A list of improvements are available. Call today to make your appointment.

FOR SALE DETAILS

PRICE

$598,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,697 SF

ZONING

-

APN/PARCEL ID

12-01220-000

ASK ABOUT THIS PROPERTY

Bernadette StitchickRussell Real Estate ServicesMore Info
440-864-4257

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Bernadette StitchickRussell Real Estate ServicesMore Info
440-864-4257

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