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640 S Shore CT Vermilion, OH 44089
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Key Details
Sold Price $545,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,604 sqft
Price per Sqft $151
Subdivision Harborview Sub
MLS Listing ID 4276518
Sold Date 07/02/21
HOA Y/N No
Abv Grd Liv Area 3,604
Year Built 1965
Annual Tax Amount $12,000
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Apartment
Property Description
If you are interested in a profitable investment, look no further. Solid brick 12-unit (11 2-bath and 1 1-bath) apartment building for sale in the quaint town Vermilion deemed "A small town on a great Lake." Schools, churches, parks, and restaurants are all in close proximity. Rt. 6 or Rt. 2 will take you east to Cleveland or west to Sandusky or Toledo. The apartment building is rated a C class based on the city's demographics. Nine of the twelve units have been fully renovated, and two have been upgraded with granite countertops. A new roof was installed in 2017. Currently, there is a profitable coin washer and dryer on site that can easily be increased to three washers & three dryers. Street parking is available, and for a $25/month fee a tenant can request one of four additional spots if needed. The nicest units in this area at this price point and there is still room to increase the rent for future years. Low vacancy rate. The land next to it that can be built on. Call today!
Location
State OH
County Lorain
Interior
Heating Baseboard, Gas
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Paved
Building
Sewer Public Sewer
Schools
School District Vermilion Lsd - 2207
Others
Tax ID 01-20-027-102-031
Financing Cash
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Bought with Mathew P Chase • Keller Williams Greater Metropolitan
NEARBY SCHOOLS & BUSINESSES
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Lorrie Raymond
OH/REALTOR®, Steubenville manager, WV/Salesperson | License ID: SAL.2018004006, WVS230302470



