Home Value Estimate
Description
Perfect for savvy investors and owner-occupants alike, this meticulously maintained single-family home near Lake Erie College offers a rare combination of historic charm and high-yield performance with a gross cap rate of 15%. Currently utilizing a successful rent-by-the-room and single-room occupancy (SRO) model, the property produces a total monthly income of $2,750. The layout features three upstairs bedrooms optimized for student housing at $700/room and a cozy lower-level suite currently rented to a family member, offering immediate cash flow with significant pro-forma upside. The first floor showcases gorgeous original woodwork and...read more
Features
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
- Ceiling Fan(s), Window Unit(s)
- 1 Fireplace
- Forced Air, Gas
- 2.0 Stories
- $4,025 / year Taxes
- Public
- Built in 1900
Upcoming Open Houses
Open House Sunday May 3rd, 12:00pm - 2:00pm
Gallery
Listed By
Agency Name: RE/MAX Crossroads Properties
Agency Contact: victoriawallis@remax.net, 330-819-8216
Shown By
Agent Name: Stevi Pritt
Agent Phone: (304) 415-0334
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact
Stevi Pritt
Cell: (304) 415-0334
Email Me
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