216 Main St, Conneaut, Ohio 44030

$599,900
12,638
SqFt
List Price
$599,900
Status
ACTIVE
MLS#
4176382
Year Built
1940
Living Area
12,638
Lot Size
6,551
Region
Conneaut
Township
Conneaut City
Subdivision Building
Conneaut

Property Description

Completely remodeled from top to bottom with excellent rental income with long term leases. There are 4 commercial units with rent increases built into the lease. Each unit pays their own electric. The owner pays for heat, water and sewer. Annual income is approx. $70,000 less utilities paid by the seller. There is street parking plus a paved parking lot adjacent to the property. This is a well maintained property and is a great investment opportunity. There is a 20 x 30 storage unit that could be converted to another rental unit. The basement is built as a bomb shelter and the walls are 3' and 6' wide. This is also a great place for extra storage. The alley in the back of the building is used for access for this building and Dollar Genera which is shared by both parties. The tenants are long term leases. Proof of funds prior to showings, Seller will provide copies and leases and financials on the property subject to an accepted offer.

Additional Information

Taxes
$3,306
Acres
0.1504
Utilities
Public Water, Public Sewer
Roof
Rubber
Basement Description
Full, Unfinished
Heating
Forced Air
Cooling
Central Air

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Assured Real Estate.

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