Property profile

1873 Us Highway 6 Roaming Shores, OH 44085

FOR SALE
Residential land & home lots
Property ID
US66-Q006290
5,311 SF
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Property summary

AI-generated overview

Welcome to Edgewater Estates Condominium Development with 5.932 acres of improved and buildable water front land on Rome Rock Lake! Fiber, Sewer, Water, Gas and Electric all available within the community and already run throughout, as well as 3 Fire hydrants already set. All of this expense has already been completed. This development already has 8 total units already sold and room for further development on the balance of the acreage leaving a ton of potential awaiting your vision. The balance of the road to be completed in the following months with potential for two more duplexes in the back and 6 waterfront single family homes in front all within the HOA. This sale includes the development and HOA. 1 yr minimum lease agreements for any rentals required per current bylaws. Bylaws are available for review and $175/Month HOA fee includes trash, snow removal, landscaping, reserve, property management and exterior maintenance of units (siding and roof). Overall development is continually being improved. All existing condos are either new construction or fully renovated. This lake front community is a great opportunity with further potential and also sits within the township so no RITA tax!

Property profile

Verified
Property type Residential land & home lots
Total area 5,311 SF
UPID US66-Q006290

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1873 Us Highway 6 Roaming Shores, OH 44085
Roaming Shores metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

4 recent transactions · within 1.5 mi
Comparable in this city
4 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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