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Dawn Semancik

dawnsemancikhomes@gmail.com +1(216) 650-0746

$1,924,900

Est. payment - /mo

0.64 Acres Lot

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Battell Tr

MLS Listing ID 5215436

HOA Y/N No

Year Built 1998

Annual Tax Amount $8,613

Tax Year 2025

Lot Size 0.640 Acres

Acres 0.64

Property Sub-Type Apartment

Property Description

5214 Old Lake Road, Geneva-on-the-Lake, Ohio 44041 an exceptional investment opportunity in one of Northeast Ohio's most desirable vacation destinations. Situated on four parcels with stunning views of Lake Erie and panoramic views down the famous Geneva-on-the-Lake Strip, this unique property offers a rare combination of long-term rental income and short-term vacation rental potential. The property features 12 total rental units (2 Bed, 1 Bath per unit) spread across three buildings, including a three-story, six-unit condo-style building with Lake Erie views, six ranch-style units, and a charming freestanding cottage. Many of the units have been updated with premium finishes and modern improvements, making them highly attractive to both seasonal visitors and long-term tenants. Currently, four units operate as monthly rentals generating consistent income, while several others are utilized as short-term rentals through Airbnb, VRBO, and direct bookings, creating excellent upside potential for increased revenue. Seven of the twelve units are currently occupied on month-to-month agreements, providing flexibility for an investor's future plans. Guests and tenants enjoy convenient access from both Old Lake Road and Lake Road, along with a prime walkable location just steps from Lake Erie, Township Park, public beach access, and the entertainment district known as "The Strip." Restaurants, bars, shopping, live entertainment, wineries, and countless seasonal attractions are all within walking distance, making this a highly sought-after destination year after year. Whether you're looking to expand your investment portfolio, capitalize on the thriving vacation rental market, or develop a mixed-use income strategy, this Geneva-on-the-Lake property presents a rare opportunity in a location where demand continues to grow. Schedule your private showing today and explore the possibilities this income-producing property has to offer.

Location

State OH

County Ashtabula

Rooms

Basement Partial

Interior

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Driveway, Parking Lot

Water Access Desc Public

Roof Type Metal

Present Use Residential,Single Family

Total Parking Spaces 15

Building

Foundation Slab

Sewer Public Sewer

Water Public

Schools

School District Geneva Area Csd - 404

Others

Tax ID 210300004500

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

Listed by Danny Duvall • Brokers Realty Group • danny.duvall@brokerssold.com, 330-883-0040

NEARBY SCHOOL & BUSINESS

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Dawn Semancik

+1(216) 650-0746

Team Leader | License ID: SAL.2016005292

Team Leader License ID: SAL.2016005292

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5214 Old Lake RD Geneva, OH 44041

Dawn Semancik

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION