640 S Shore CT, Vermilion, OH 44089
640 S Shore CT, Vermilion, OH 44089
640 S Shore CT, Vermilion, OH 44089
14
$545,000
$575,000
5.2%
Est.Price: ?

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3,604 SqFt

640 S Shore CT Vermilion, OH 44089

Est. payment /mo
SOLD DATE : 07/02/2021

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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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IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Joan Elflein • Ohio Broker Direct
Bought with Mathew P Chase • Keller Williams Greater Metropolitan

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Lorrie Raymond

Lorrie Raymond

OH/REALTOR®, Steubenville manager, WV/Salesperson | License ID: SAL.2018004006, WVS230302470

+1(740) 381-7793

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