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640 S Shore Court

Vermilion, OH 44089
  • $575,000
  • STATUS: Contingent
  • ON SITE: 37 days
  • MLS #: 4276518
Under Contract
UPDATED: 54 min ago
$575,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,604
    SQFT
  • $160
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

Listing courtesy of Ohio Broker Direct.
Listing information © 2021 YES-MLS.

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!

Monthly Payment Calculator

Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Holden Agency are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-13T15:07:39.443.
www.theholdenagencyre.com/homes/116825092
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640 S Shore Court Vermilion, OH 44089

  • Price: $575,000
  • Status: Contingent
  • Updated: 54 min ago
  • MLS #: 4276518
0
Beds
0
Baths
0
½ Baths
0.42
Acres
3,604
SQFT
$160
$/SQFT
1965
Built
Neighborhood:
Harborview Sub
County:
Lorain
Area:
Vermilion
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!
Interior Features

Basement YN No Building Area Total 3604 Cooling Window Unit(S) Cooling YN Yes Heating BaseboardGas Heating YN Yes

Property Features

Above Grade Finished Area 3604 Lease Considered YN No Listing Terms Cash Ownership Principal/Nr Property Sub Type Apartment Sewer Public Sewer Tax Annual Amount 12000 Township Brownhelm Twp/Vermilion City Year Built Details Actual Ybt

Listing information © 2021 YES-MLS.
Listing provided courtesy of Ohio Broker Direct.
Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Holden Agency are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-13T15:07:39.443.
 
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The Holden Agency
28 Park Ave West
Mansfield OH, 44905
Listing courtesy of Ohio Broker Direct.
Listing information © 2021 YES-MLS.