6037 Lake Rd W - Apartments FOR SALE


Ashtabula, OH 44004
$1,549,000 USD
440-812-2542
6037 Lake Rd W, Ashtabula, OH for Sale
$1,549,000 USD
Apartments - FOR SALE
1/30
null | 10% Cap Rate

6037 Lake Rd W
Ashtabula, OH 44004


HIGHLIGHTS

  • Lake Erie Views
  • Some STR, Some LTR
  • Some Fully Furnished

OVERVIEW

Attention Investors! Introducing Saybrook Shores - a rare opportunity to own 7 Units, 6 are fully furnished, turnkey townhouse-style units on the shores of Lake Erie. This property is a high-yield, low-maintenance moneymaker, with each unit featuring three floors of spacious living, three bedrooms, one and a half baths, and a one-car garage. The complex offers parking for up to 20 vehicles, making it ideal for tenants or vacation renters. Enjoy the stunning views of Lake Erie from private patios, and rest assured knowing each unit has been modernized with granite countertops, custom backsplashes, and updated flooring. Appliances, including refrigerators, stoves, dishwashers, microwaves, and washers and dryers, are all included. This is an investor's dream property, ready to generate income from day one. Act fast, opportunities like this don't come around often! Financials available. This prime property is conveniently located perfectly between Historical Bridge St and Geneva on the Lake! 50 minutes from Cleveland, Youngstown and Erie!

FOR SALE DETAILS

PRICE

$1,549,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

7

PRICE/UNIT

$221,286

CAP RATE

10%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saybrook Shores Townhouses

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2002

PARKING SPACES

27

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

Clorice DlugosMcDowell Real Estate ServicesMore Info
440-812-2542

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Clorice DlugosMcDowell Real Estate ServicesMore Info
440-812-2542

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