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TheSuites@Fairport-Harbor 201 3rd St 11 Room Serviced Apartment Fairport Harbor, OH 44077 $2,056,740 CAD ($186,976 CAD/Room) 7.32% Cap Rate
Investment Highlights
- Turnkey short-term rental with proven operating history
- In-place professional cleaning vendor
- Stabilized RevPAN with clear upside as all units come fully online
- Self check-in via smart locks
Executive Summary
This fully renovated short-term rental property is located in the heart of downtown Fairport Harbor, Ohio, just steps from lighthouses and the beach. The property benefits from exceptional walkability, small-town charm, and proximity to Lake Erie, making it a highly desirable lodging option in a supply-constrained waterfront market.
The Suites present a unique opportunity for both seasoned operators and new entrants to the STR market. With stabilized performance, minimal operational friction, and an irreplaceable downtown location just steps from the beach, the asset combines immediate income with attractive long-term appreciation potential.
The Suites present a unique opportunity for both seasoned operators and new entrants to the STR market. With stabilized performance, minimal operational friction, and an irreplaceable downtown location just steps from the beach, the asset combines immediate income with attractive long-term appreciation potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 11 | $455.23 CAD | - |
1 1
Property Taxes
| Parcel Number | 14-A-002-0-00-001-0 | Improvements Assessment | $57,001 CAD |
| Land Assessment | $4,169 CAD | Total Assessment | $61,171 CAD |
Property Taxes
Parcel Number
14-A-002-0-00-001-0
Land Assessment
$4,169 CAD
Improvements Assessment
$57,001 CAD
Total Assessment
$61,171 CAD
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TheSuites@Fairport-Harbor | 201 3rd St
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