6037 LAKE ROAD W, ASHTABULA, OH 44004

Turnkey cash flow Investment property with a 10% cap rate and stunning Lake Erie views from every unit! This fully renovated 7-unit apartment building was completely updated in 2024 and comes fully furnished--everything stays, so you start collecting income from day one. The rental mix of short-term, mid-term, and long-term tenants creates multiple high-performing income streams, with long-term units bringing in up to $2,000/month, a recent mid-term lease at $2,950/month, and Airbnb units delivering exceptional returns. In 2024, the property generated $200,074 in gross income with extremely low expenses of just $41,976.70, resulting in a massive $160,098 NOI. Each unit includes a private patio, attached garage, and access to on-site parking, all within minutes of beaches and Geneva-on-the-Lake attractions. Plus, all zoning and legal work is already done if you want to sell units individually as townhomes--offering huge upside potential. Opportunities like this don't last--secure this high-yield lakefront investment today.