4071 Lake Rd Conneaut, OH 44030

Property Details for 4071 Lake Rd

Year built

1940

Lot size

7.60 lot acres

Property size

1,116 SF

Property type

Mobile home & RV parks

APN

28-012-00-030-00

APU

280120003000

Description

This exceptional 7.6-acre waterfront property in Conneaut, Ohio presents a unique investment opportunity. Currently operating as a thriving mobile home park, the property boasts 30 lots, with 22 currently rented. Eleven lots house park-owned homes (POH) renting at $500 per month, and eleven lots house tenant-owned homes (TOH) renting at $300 per month. All lot rents are paid on a month-to-month basis. The park conveniently handles water and sewer services for all lots, and these utilities, along with electricity, are available at each of the 30 sites. The property's prime waterfront location offers breathtaking views and easy access to the lake, making it ideal for a variety of development projects. The existing infrastructure provides a solid foundation for expansion or redevelopment into a luxurious residential community, such as a subdivision or townhome development. This property is perfectly positioned for investors or developers seeking a high-return project with significant upside potential. The existing mobile home park provides immediate cash flow while offering the flexibility to transition into a higher-value residential development. This rare opportunity combines immediate income with long-term growth potential, making it an exceptional investment in a desirable location. The asking price is $1,975,000.

Location Insight

City

Conneaut

County

Ashtabula

State

Ohio

Longitude

-80.6407

Latitude

41.9415

CBSA code

11780

CBSA name

ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments