6215 North Ridge RD new Save Request In-Person Tour Request Virtual Tour
Geneva,OH 44041
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Saybrook
MLS Listing ID 5079647
Year Built 1953
Annual Tax Amount $2,117
Tax Year 2023
Lot Size 1.393 Acres
Property Description
ATTENTION INVESTORS! Don't miss this opportunity to own a well-maintained 6-unit multi-family building with separate utilities for each unit! Situated on 1.39 acres, this property features a new roof on the east side, which houses 3 spacious 2-bedroom units, all equipped with hot water heating. While these units lack central AC, tenants have their own window units for comfort.
On the west side, you'll find an additional 3 units: one 3-bedroom and two 1-bedroom apartments. The building includes coin-operated laundry facilities in the common basement on the west side, generating approximately $3,000 annually. The seller covers only water, electric for the common area, outside lighting, and dumpster service, while tenants pay all their own utilities.
With total rents exceeding $4,000 per month, this property is truly a turn-key income opportunity. Conveniently located near restaurants, wineries, and just a short drive to Lake Erie, Geneva on the Lake, and Ashtabula Harbor, this is an ideal investment for those looking to capitalize on a strong rental market. Don't wait?schedule a viewing today!
Location
State OH
County Ashtabula
Interior
Heating Baseboard
Building
Water Public
Schools
School District Ashtabula Area Csd - 401