USAOHKingsvilleSaybrook Sec 0221-30-5919 Lake St
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$2,500,000

For Sale

9 days ago

21-30 - 5919 Lake St, Kingsville, OH

House

MLS® 5250233

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $23,000
Days Active 10
Lot Size 1.8616 Acres
Approx. Age 2025
MLS® Number 5250233

Property Address: 21-30-5919 Lake St, Kingsville, OH, 44048-9775

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

Description

Rare investment opportunity: 10-unit waterfront condominium package (Units 21–30) at Cabins on the Lake in Ashtabula, OH (MLS #5250233). Situated along the Lake Erie corridor, this high-performing short-term/vacation rental portfolio offers strong immediate cash flow and future exit flexibility. Each unit features its own individual condo deed, giving a buyer the option to hold as a high-yield portfolio or execute a unit-by-unit resale strategy down the line. FINANCIAL HIGHLIGHTS: • Package Price: $2, 500, 000 (10 Units) • Gross Revenue: Pro-forma $400, 000 ($40, 000/unit) • Projected NOI: $260, 000 (~10.4% Cap Rate) • Low Overhead: HOA covers common grounds, exterior upkeep, trash, and seasonal maintenance. SELLER FINANCING AVAILABLE: Attractive seller-financing terms offered with 20% down ($500, 000). Seller requires a recorded 1st position mortgage on the property. PRIME LAKESIDE LOCATION: Located minutes from Geneva-on-the-Lake, historic Ashtabula Harbor, top regional wineries, beaches, and public boat launches. High demand area for short-term vacationers. Sold strictly as a complete 10-unit package. Confidentiality applies; please do not disturb occupants or ongoing rental operations. Contact listing agent for full pro-forma package and seller financing term sheet.
MLS® Number5250233
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2025
Basement
Driveway
Garage Spaces
HeatBaseboard
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 2, 2026List Date
$2,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
5919 Lake St, Kingsville, OH

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