New

$1,999,900

For Sale

3 days ago

5214 Old Lake Rd, Geneva, OH

Name: 5214 Old Lake Rd, For Sale in Geneva - eXp Realty
Brand: Brokers Realty Group
SKU: 5215436
Price: 1999900 USD

Condo

MLS® 5215436

0 Bed

0 Bath

15 Parking

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Commercial Sale

Size -

Garage

HOA Fees

Taxes $8,613

Days Active 3

Approx. Age 1998

MLS® Number 5215436

Property Address: 5214 Old Lake Rd, Geneva, OH, 44041-9491

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number5215436

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1998

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 5, 2026List Date

$1,999,900List Price

Jun 27, 2024End Date

$575,000Sold Price

Sold

Jul 15, 2024List Date

$799,900List Price

Commute

Commute

Starting Address

Destination Address

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Listing Agent

Danny Duvall

[email protected]

(330) 883-0040

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