Hospitality and Rental
3020 TOWNSHIP RD 190 Fredericktown, OH 43019
3020 TOWNSHIP RD 190, Fredericktown, OH, 43019
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For Sale
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Established hospitality property with multiple residences, barns, fenced pastures, and a pond, currently generating rental income.
Property Size5,418 SF
Lot Size10.00 Acres
Price / SF$221.47
Days on Market98
Property Features for 3020 TOWNSHIP RD 190
General Information
- Standard status
- Active
- Size
- 5,418 SF
- Lot size
- 10.00 Acres
- Property subtype
- Hospitality, Mixed Use
Building Details
- Year Built
- 2018
Listing agency
RE/MAX Connection, Realtors
(614) 882-6725
Listed by
DeLena Ciamacco · License #367326
Source
Crexi
Added: Apr 16 Updated: Jul 22 at 1:58AM Checked: Jul 22 at 1:58AM
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 RE/MAX Connection, Realtors
Investment Insights
Based on property information with market context.
This property is a hospitality-focused compound set up for multiple living options, recreation, and income. It includes a 3+ stall barn, two fenced pastures, and multiple outbuildings, along with a pond featuring a beach and gazebo, plus a pavilion. The on-site residences total over 5,400 square feet across five residences, including three suites within a tri-plex (Harmony, Serenity, and Tranquility) with kitchens or kitchenettes, vaulted Great Rooms, jetted tubs, and front porches.
The Lodge accommodates up to 12 guests and features a full kitchen, loft, and a 3-Season Room. The main log home offers 1–2 bedrooms, 1.5 baths, an expansive Great Room, and a full basement. The property is currently operating as an established business generating approximately $6,400 per month from four rental units.
With a total of 8 bedrooms and 5 full and 3 half baths, the compound offers a well-defined layout for guests and rental use, minutes from I-71, within Highland Schools.
The Lodge accommodates up to 12 guests and features a full kitchen, loft, and a 3-Season Room. The main log home offers 1–2 bedrooms, 1.5 baths, an expansive Great Room, and a full basement. The property is currently operating as an established business generating approximately $6,400 per month from four rental units.
With a total of 8 bedrooms and 5 full and 3 half baths, the compound offers a well-defined layout for guests and rental use, minutes from I-71, within Highland Schools.
Key Highlights
- Built in 2018 on approximately 10 acres with multiple outbuildings, a 3+ stall barn, and two fenced pastures
- Established hospitality/short‑term rental operation generating approximately $6,400/month from four rental units
- Over 5,400 SF across five residences, including Harmony, Serenity, and Tranquility Suites (tri‑plex) with kitchens/kitchenettes, vaulted great rooms, jetted tubs, and front porches
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.2k | $18.12 |
| − Vacancy | −$7.4k | −$1.36 |
| EGI | $90.8k | $16.76 |
| − OpEx | −$40.9k | −$7.54 |
| NOI | $49.9k | $9.22 |
5,418 SF · lease $18.12/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$713.5K
$624.3K – $832.4K
NOI $49,946 @ 7.0% cap · market cap 4.16%
Second Best
Hotel Hospitality
$616.8K
$539.7K – $719.6K
NOI $43,174 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,787 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - Established hospitality property with multiple residences, barns, fenced pastures, and a pond, currently generating rental income.
Where is this short term rental property located?
The property is located at 3020 TOWNSHIP RD 190 Fredericktown, OH.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Built in 2018 on approximately 10 acres with multiple outbuildings, a 3+ stall barn, and two fenced pastures; Established hospitality/short‑term rental operation generating approximately $6,400/month from four rental units; Over 5,400 SF across five residences, including Harmony, Serenity, and Tranquility Suites (tri‑plex) with kitchens/kitchenettes, vaulted great rooms, jetted tubs, and front porches
