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3537 Liberty Avenue

Vermilion, OH 44089
  • $1,200,000
  • STATUS: Active
  • ON SITE: 84 Days
  • MLS #: 5028703
$1,200,000
  • 0
    BEDS
  • 1.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

School District:
Listing courtesy of Russell Real Estate Services.
Listing information © 2024 YES-MLS.

Description

Welcome to an exceptional investment opportunity nestled in the heart of Vermilion, Ohio. Presenting 3537 Liberty Rd, a lucrative real estate offering featuring a 17-unit motel with instant cash flow. Situated near downtown Vermilion and just a few blocks away from the serene shores of Lake Erie, this property boasts both convenience and charm. In addition to the thriving motel business, this property includes a cozy 2-bedroom house, perfect for generating additional rental income or providing accommodation for an on-site manager, enhancing the property's management efficiency. Moreover, convenience is key with an on-site coin-operated laundry room, ensuring added convenience for both guests and tenants. The property also features a spacious 1200 sq ft 2-story high pole barn, providing ample storage space or potential for further rental opportunities. Expanding the income potential even further, a vast 180 x 70 vacant lot is situated at the rear of the property, offering endless possibilities for expansion or development. Don't miss out on this rare opportunity to own a lucrative real estate asset in Vermilion, Ohio. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a profitable venture, 3537 Liberty Rd offers the perfect blend of income potential and location convenience. Schedule your viewing today and unlock the doors to endless possibilities!

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Listing information © 2024 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 Kennen & Kennen Realtors 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 2024-07-13T00:08:16.043.
www.kennenrealtors.com/homes/149490395
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3537 Liberty Avenue Vermilion, OH 44089

  • Price: $1,200,000
  • Status: Active
  • On Site: 84 Days
  • MLS #: 5028703
0
Beds
0
Baths
0
½ Baths
1.14
Acres
1950
Built
Neighborhood:
Vermilion/Lk 02/Krough Syn
County:
Lorain
Area:
Vermilion
School District:
Vermilion Lsd - 2207
Property Description
Welcome to an exceptional investment opportunity nestled in the heart of Vermilion, Ohio. Presenting 3537 Liberty Rd, a lucrative real estate offering featuring a 17-unit motel with instant cash flow. Situated near downtown Vermilion and just a few blocks away from the serene shores of Lake Erie, this property boasts both convenience and charm. In addition to the thriving motel business, this property includes a cozy 2-bedroom house, perfect for generating additional rental income or providing accommodation for an on-site manager, enhancing the property's management efficiency. Moreover, convenience is key with an on-site coin-operated laundry room, ensuring added convenience for both guests and tenants. The property also features a spacious 1200 sq ft 2-story high pole barn, providing ample storage space or potential for further rental opportunities. Expanding the income potential even further, a vast 180 x 70 vacant lot is situated at the rear of the property, offering endless possibilities for expansion or development. Don't miss out on this rare opportunity to own a lucrative real estate asset in Vermilion, Ohio. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a profitable venture, 3537 Liberty Rd offers the perfect blend of income potential and location convenience. Schedule your viewing today and unlock the doors to endless possibilities!
Exterior Features

Attached Garage YN No Fencing None Parking Features Circular Driveway Concrete Gravel On Site Parking Lot Roof Asphalt Fiberglass Waterfront YN No

Interior Features

Basement Full Other Basement YN Yes Building Area Total 7963 Building Features Other Reception Area Cooling Wall Units Cooling YN Yes Heating Baseboard Gas Radiators Heating YN Yes Laundry Features Coinoperated Main Level Bathrooms 0

Property Features

Community Features Park Elementary School District Vermilion LSD - 2207 Listing Terms Cash Conventional Item1031 Exchange Middle Or Junior School District Vermilion LSD - 2207 Net Operating Income 95426 Operating Expense 58055 Property Sub Type Hotel Motel Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 12488 Township Vermilion Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Russell Real Estate Services: 440-327-6511.
Listing information © 2024 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 Kennen & Kennen Realtors 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 2024-07-13T00:08:16.043.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Russell Real Estate Services.
Listing information © 2024 YES-MLS.