Search
10-Unit Waterfront Rental Portfolio
For Sale
$2,500,000

21-30-5919 Lake St, Kingsville, OH 44048

The condominium package includes individually deeded units and association-managed exterior upkeep.

Property SizeContact for details
Days on Market14
Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Property Features for 21-30-5919 Lake St

General Information

Standard status Active

Additional Details

Asking Price $2,500,000
Multifamily Units 10

Taxes and HOA fees

Annual Taxes $23,000
Listing Agency: Platinum Real Estate
Listed By: Jim Sivalon · License #2019001484
Source: Exprealty
Added: Oct 2 Changed: Oct 11 Last Checked: Oct 15 at 2:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platinum Real Estate

Investment Insights

Based on property information with market context.

This 10-unit waterfront condominium package consists of Units 21–30 at Cabins on the Lake in Ashtabula, Ohio. Each condominium carries its own deed, allowing the units to be held together or transferred separately. The property is operated as a short-term rental portfolio, with a projected 10.4% cap rate stated in the offering information.

The property sits along the Lake Erie corridor, near Geneva-on-the-Lake, Ashtabula Harbor, regional wineries, beaches, and public boat launches. The condominium association covers maintenance of common grounds, exterior upkeep, trash service, and seasonal maintenance.

Key Highlights

  • 10 waterfront condominium units, Units 21–30, offered as one package
  • Individual condominium deeds for each unit
  • Projected 10.4% cap rate

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

60
Businesses Nearby

Demographics for 44048, OH

2,178
Population
1,022
Households
2.1
Avg Household Size
52
Median Age
18%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
78
Density / Sq Mi
$63,712
Median Household Income
$38,917
Median Earnings
$916
Median Rent
$143,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - The condominium package includes individually deeded units and association-managed exterior upkeep.
Where is this short term rental property located?
The property is located at 21-30-5919 Lake St Kingsville, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10 waterfront condominium units, Units 21–30, offered as one package; Individual condominium deeds for each unit; Projected 10.4% cap rate
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again