2375 Sanitarium Road,Lakemore, OH 44312
Lakemore, OH 44312
Description
Fully occupied triplex with long-term tenants in place, currently generating $3060 per month in scheduled rent. Current rents are $990, $1080 and $990, all 3 are subsidzed (some partially). Tenants pay electric; owner is responsible for gas, water, sewer and trash due to the building's central boiler system. Interior photos are from a prior 2021 listing and are provided for general reference only. Current condition may differ due to continued tenant occupancy. The units reflect older finishes and buyers should anticipate updating and turnover work as vacancies occur. The roof was replaced in 2006, the boiler in 2007, and the windows and siding in 2010. Buyer should independently verify ages and condition of all major components. Convenient location near local schools and Lakemore Recreation Park. This is an opportunity to acquire three occupied units at an attractive per-unit basis with future value-add potential. A neighboring duplex with comparable unit square footage recently sold for $111,000 per unit, while 2375 Sanitarium is being offered at approximately $76,667 per unit. Existing leases and trailing operating statements are available for review. Please do not disturb tenants. End buyers only.
Details
| MLS # | 5249146 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1969 |
| Days On Site | 11 |
| Listing Provided By | Keller Williams Living | Michael L Magno |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,292 |
| Story(s) | 1 |
| Building(s) | 1 |
| Acreage | 0.24 |
Exterior
| Lot Features | Corner Lot |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | No Garage, Unpaved |
Taxes
| Tax Annual Amount | 2040 |
|---|
Area Information
| State | OH |
|---|---|
| County | Summit |
| City | Lakemore |
| Zip Code | 44312 |
| Community Name | Tract 6 |
| Listing VS Median (in Tract 6) | |
Price: $230,000 low | high Med: $229,500 sqft: 2,292 low | high Med: 1,590 $ / sqft: $100 low | high Med: $179 On site: 11 low | high Med: 32 | |
Market Activity 44312
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Learn More About This Property
| State | OH |
|---|---|
| County | Summit |
| City | Lakemore |
| Zip Code | 44312 |
| Community Name | Tract 6 |
| Listing VS Median (in Tract 6) | |
Price: $230,000 low | high Med: $229,500 sqft: 2,292 low | high Med: 1,590 $ / sqft: $100 low | high Med: $179 On site: 11 low | high Med: 32 | |