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5214 Old Lake RD Geneva, OH 44041
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 11 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
Listed by Danny Duvall • Brokers Realty Group • danny.duvall@brokerssold.com, 330-883-0040