Lake Erie Multifamily Income
5214 Old Lake Rd Geneva, OH 44041
5214 Old Lake Rd, Geneva, OH, 44041
$1,924,900
For Sale
$1,924,900
Three-building multifamily with 12 rental units across four parcels, with access from Old Lake Road and Lake Road.
Days on Market48
Property Features for 5214 Old Lake Rd
General Information
- Standard status
- Active
Listing agency
Brokers Realty Group
(330) 883-0040
Listed by
Danny Duvall · License #2013000677
(330) 883-0040
Source
Exprealty
Added: Jun 5 Updated: Jul 21 at 7:14PM Checked: Jul 22 at 10:30AM
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Investment Insights
Based on property information with market context.
This multifamily income property includes 12 total rental units across three buildings on four parcels. The building mix consists of a three-story, six-unit condo-style building with Lake Erie views, six ranch-style units, and a freestanding cottage. Units are offered in a 2-bedroom, 1-bath configuration. Public remarks indicate that many units have been updated with modern improvements.
Access is available from both Old Lake Road and Lake Road. The property is described as being within walking distance of Lake Erie, Township Park, public beach access, and the entertainment district known as “The Strip.”
According to the current operating summary in the remarks, four units are operating as monthly rentals, and others are described as being used for short-term vacation stays through Airbnb, VRBO, and direct bookings. Seven of the twelve units are currently occupied on month-to-month agreements, providing flexibility for future plans.
Access is available from both Old Lake Road and Lake Road. The property is described as being within walking distance of Lake Erie, Township Park, public beach access, and the entertainment district known as “The Strip.”
According to the current operating summary in the remarks, four units are operating as monthly rentals, and others are described as being used for short-term vacation stays through Airbnb, VRBO, and direct bookings. Seven of the twelve units are currently occupied on month-to-month agreements, providing flexibility for future plans.
Key Highlights
- Three‑building multifamily property with 12 total rental units across four parcels in Geneva‑on‑the‑Lake, OH.
- Unit mix: 12 units, all 2 bed / 1 bath, including a three‑story six‑unit condo‑style building, six ranch‑style units, and a freestanding cottage.
- Lake Erie and Strip views, with convenient access from both Old Lake Road and Lake Road.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three-building multifamily with 12 rental units across four parcels, with access from Old Lake Road and Lake Road.
Where is this apartment building located?
The property is located at 5214 Old Lake Rd Geneva, OH.
What is the asking price?
The asking price for this property is $1,924,900.
What are key features of this property?
This property features: Three‑building multifamily property with 12 total rental units across four parcels in Geneva‑on‑the‑Lake, OH.; Unit mix: 12 units, all 2 bed / 1 bath, including a three‑story six‑unit condo‑style building, six ranch‑style units, and a freestanding cottage.; Lake Erie and Strip views, with convenient access from both Old Lake Road and Lake Road.
