Remarks

Welcome to Edgewater Estates Condominium Development with 6 acres of water frontage included in the sale! Current rendering shows preliminary of current vision. Parcel has 8 total units existing within the development. 3 of which are included with the sale. Room for further development and loads of potential await your vision. Included in the sale is a detached 3/1 split level w 1 car garage - detached 3/2.5 colonial w a full basement and 1 of 3 units within the tri-plex offering a 2 bed/1.5 bath. All 3 existing units have tenants (long term MTM & 1 yr lease). 1 yr minimum lease agreements required per By-Laws. Tenant occupied units available to view upon an accepted offer. Bylaws are available and $150/Month HOA fee includes trash, snow removal, landscaping, reserve, property management and exterior maintenance of units (siding and roof). Tri-Plex was just upgraded with new covered porches, siding, roof, gutters, downspouts and shutters end of 2023. $2,500/month on existing rents being generated as a bonus. Unit B exterior is slated for Feb 2024. This lake front community is a great opportunity with further potential and also sits within the township so no RITA tax!

Details

MLS#: 4458296
Price: $977,777

Style: Mixed Use
Sq Ft: 5311
Year Built: 1968

County: Ashtabula
Subdivision: Roaming Shores
Tax Fee: 0

School District: Grand Valley LSD - 405