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Sara Eddy

[email protected] +1(330) 310-5259

$ 230,000

Est. payment -/mo

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2375 Sanitarium RD Lakemore, OH 44312

6 Beds

3 Baths

2,292 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,292 sqft

Price per Sqft $100

Subdivision Tract 6

MLS Listing ID 5249146

Bedrooms 6

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,292

Year Built 1969

Annual Tax Amount $2,040

Tax Year 2025

Lot Size 10,641 Sqft

Acres 0.2443

Property Sub-Type Triplex

Property Description

Fully occupied triplex with long-term tenants in place, currently generating $3,060 per month in scheduled rent. Current rents are $1,080, $990 and $990, all subsidized! 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.

Location

State OH

County Summit

Direction South

Rooms

Basement None

Interior

Heating Gas, Hot Water, Steam

Cooling None

Fireplace No

Laundry In Unit

Exterior

Parking Features No Garage, Unpaved

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Accessibility None

Private Pool No

Building

Lot Description Corner Lot

Faces South

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two, One

Schools

School District Springfield Lsd Summit- 7713

Others

Tax ID 5400412

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Michael L Magno • Keller Williams Living • 330-990-3744,[email protected]