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5214 Old Lake Rd 12 Unité Immeuble d’appartements 2 708 334 $ CAD (225 695 $ CAD/Unité) Geneva, OH 44041
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Offers a rare 12-unit investment in Geneva-on-the-Lake blending stable income with short-term rental upside in a premier Lake Erie destination.
- Combines long-term rentals with Airbnb & VRBO use, creating immediate cash flow & clear potential to increase revenue through operational upside.
- Seven units are leased on month-to-month terms, offering flexibility to reposition, renovate, or increase rents based on future strategy.
- Positioned steps from Lake Erie and the Strip, the property provides walkable access to beaches, dining, shopping, and year-round amenities.
- Includes 12 two-bed, one-bath unites across three structures, featuring a condo-style building, ranch units, and a freestanding cottage.
- Located in a high-demand vacation market with consistent tourism, supporting strong occupancy trends and long-term investment stability.
Résumé de l'annonce
5214 Old Lake Road, Geneva-on-the-Lake, Ohio 44041 presents an exceptional investment opportunity in one of Northeast Ohio's most desirable vacation destinations. Situated on four parcels with stunning views of Lake Erie and panoramic vistas down the famous Geneva-on-the-Lake Strip, this unique property offers a rare combination of long-term rental income and short-term vacation rental potential.
Comprised of 12 total rental units (two bed, one bath per unit), the property spans three buildings, including a three-story, six-unit condo-style building with Lake Erie views, six ranch-style units, and a charming freestanding cottage. Many units have been updated with premium finishes and modern improvements, making them highly attractive to both seasonal visitors and long-term tenants. Four units operate as monthly rentals generating consistent income, while several others are utilized as short-term rentals through Airbnb, VRBO, and direct bookings, creating excellent upside potential for increased revenue. Seven of the 12 units are currently occupied on month-to-month agreements, providing flexibility for an investor's future plans.
Guests and tenants enjoy convenient access from both Old Lake Road and Lake Road, along with a prime, walkable location just steps from Lake Erie, Township Park, public beach access, and the entertainment district known as "The Strip." Restaurants, bars, shopping, live entertainment, wineries, and countless seasonal attractions are all within walking distance, making this a highly sought-after destination year after year.
Whether looking to expand an investment portfolio, capitalize on the thriving vacation rental market, or implement a mixed-use income strategy, this Geneva-on-the-Lake property presents a rare opportunity in a location where demand continues to grow.
Schedule a private showing to explore the full potential of this income-producing asset.
Comprised of 12 total rental units (two bed, one bath per unit), the property spans three buildings, including a three-story, six-unit condo-style building with Lake Erie views, six ranch-style units, and a charming freestanding cottage. Many units have been updated with premium finishes and modern improvements, making them highly attractive to both seasonal visitors and long-term tenants. Four units operate as monthly rentals generating consistent income, while several others are utilized as short-term rentals through Airbnb, VRBO, and direct bookings, creating excellent upside potential for increased revenue. Seven of the 12 units are currently occupied on month-to-month agreements, providing flexibility for an investor's future plans.
Guests and tenants enjoy convenient access from both Old Lake Road and Lake Road, along with a prime, walkable location just steps from Lake Erie, Township Park, public beach access, and the entertainment district known as "The Strip." Restaurants, bars, shopping, live entertainment, wineries, and countless seasonal attractions are all within walking distance, making this a highly sought-after destination year after year.
Whether looking to expand an investment portfolio, capitalize on the thriving vacation rental market, or implement a mixed-use income strategy, this Geneva-on-the-Lake property presents a rare opportunity in a location where demand continues to grow.
Schedule a private showing to explore the full potential of this income-producing asset.
Faits sur la propriété
| Prix | 2 708 334 $ CAD | Taille du lot | 0,64 AC |
| Prix par unité | 225 695 $ CAD | Taille du bâtiment | 12 674 pi² |
| Type de vente | Investissement | Occupation moyenne | 55% |
| Nombre d’unités | 12 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1998 |
| Sous-type de propriété | Appartement | ||
| Zonage | C - Commerciale | ||
| Prix | 2 708 334 $ CAD |
| Prix par unité | 225 695 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 12 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Taille du lot | 0,64 AC |
| Taille du bâtiment | 12 674 pi² |
| Occupation moyenne | 55% |
| Nombre d’étages | 3 |
| Année de construction | 1998 |
| Zonage | C - Commerciale |
Commodités
Commodités des unités
- Climatisation
- Balcon
- Micro-ondes
- Laveuse/Sécheuse
- Chauffage
- Ventilateurs de plafond
- Cuisine avec coin repas
- Cuisine
- Comptoirs de granit
- Voûte
- Réfrigérateur
- Électroménagers en acier inoxydable
- Fourchette
- Vues
- Salle à manger
- Fenêtres à double vitrage
- Plancher de vinyle
- Grandes chambres
Commodités du site
- Bord de l’eau
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 12 | - | 600 - 1 000 |
Inaccessible à pied
10/100
Exceptionnellement adapté aux voitures
90/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 275 903 $ CAD | |
| Évaluation du terrain | 69 436 $ CAD | Évaluation totale | 345 338 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
69 436 $ CAD
Évaluation des bâtiments
275 903 $ CAD
Évaluation totale
345 338 $ CAD
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5214 Old Lake Rd
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