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Property Description

Calling all investors: this five-unit building is the cash cow your portfolio has been waiting for. Each unit averages a monthly income of $976 for a total yearly gross income of $58,560. Conveniently nestled in the cute town of Fairport Harbor just down the road from beautiful Lake Erie Beaches, shopping, and family-owned restaurants. All apartments have separate electric panels. Currently, the units are rented utilizing the extended housing program or S-8. With a deficit of housing available for these programs, rates have increased dramatically. The 11.6% Cap Rate on this investment makes it a must have. Improvements include: new asphalt driveway, new back deck, updated hallway and steps, apt 4 completely renovated recently. Call today to schedule your showing.

Features
: Baseboard
: Public Sewer
Address Map
OH
Lake
Fairport Harbor
High
528
Street
44077
W82° 43' 24.4''
N41° 45' 4.4''
Property Details
HomeSmart Real Estate Momentum LLC
Brendan P Iacofano
2017000975
20130
14-A-013-0-00-044-0
: Public
15/05/2025 16:14:31
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No
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5

528 High Street, Fairport Harbor, Ohio

Commercial Sale For Sale

0.19 Sqft
$349,900
Listing ID #5119854
Basic Details
Property Type : Commercial Sale
Property Sub Type : Apartment
Listing Type : For Sale
Listing ID : 5119854
Price : $349,900
Year Built : 1910
Lot Area : 0.19 Sqft
Status : Active
Subdivision Location : Grandon
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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