528 High Street, Fairport Harbor, OH 44077
- $330,000
- Sold Price
- $330,000
- List Price
- $349,900
- Status
- CLOSED
- Days on Market
- 90
- Closing Date
- Aug 13, 2025
- MLS#
- 5119854
- Subtype
- Commercial Sale
- Year Built
- 1910
- Acres
- 0.19
- Subdivision
- Grandon
- Neighborhood
- Grandon
- MLS Area Major
- Fairport Harbor Village
Property Description
Calling all investors: this five-unit building is the cash cow your portfolio has been waiting for. Each unit averages a monthly income of $976 for a total yearly gross income of $58,560. Conveniently nestled in the cute town of Fairport Harbor just down the road from beautiful Lake Erie Beaches, shopping, and family-owned restaurants. All apartments have separate electric panels. Currently, the units are rented utilizing the extended housing program or S-8. With a deficit of housing available for these programs, rates have increased dramatically. The 11.6% Cap Rate on this investment makes it a must have. Improvements include: new asphalt driveway, new back deck, updated hallway and steps, apt 4 completely renovated recently. Call today to schedule your showing.
Additional Information
- Taxes
- $7,036
- Heating
- Baseboard
- School District
- Fairport Harbor EVSD - 4301
Listing Courtesy of: Brendan P Iacofano, info@clehouses.com With HomeSmart Real Estate Momentum LLC
Selling Office: Russell Real Estate Services.Mortgage Calculator
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