414 Independence Street
Property Description
Investment Opportunity in Fairport Harbor's Charming Beach Community - Income Producing Duplex with Future Expansion Potential! Welcome to 414 Independence Street, an incredible opportunity to own a cash-flowing investment property in the heart of Fairport Harbor! Located in a desirable Lake Erie beach community, this well-maintained duplex offers immediate rental income with exciting potential for future growth.Currently generating $2,300 per month in gross rental income ($27,600 annually), this property features two occupied, spacious 2-bedroom, 1-bath units, each offering comfortable living spaces and access to basement laundry facilities. With a total of 4 bedrooms, 2 bathrooms, and 1,632 square feet of living space, this property is an attractive addition to any investment portfolio. But the real opportunity doesn't stop at two units! The unfinished third floor offers exciting possibilities for conversion into a potential third rental unit, creating an opportunity to transform this duplex into a triplex and increase its income-producing potential, subject to local zoning, permits, and necessary approvals. Additional highlights include a durable metal roof, detached 2-car garage, off-street parking, and basement storage. Situated in Fairport Harbor's charming lakeside community, residents can enjoy convenient access to Lake Erie beaches, local restaurants, shops, parks, and the relaxed coastal atmosphere that makes this neighborhood so special. Whether you're an experienced investor looking to expand your portfolio or a buyer interested in living in one unit while collecting rent from the other, 414 Independence Street offers immediate income, an appealing location, and room to grow! Don't miss your chance to invest in one of Lake County's charming beach communities. Schedule your showing today and explore the possibilities!
Broker Details
Platinum Real Estate Professionals, LLC (440) 942-2100
MLS ID: 2018004622 State License Number: 2018004622
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $255,000 |
| Year Built: | 1929 |
| Lot Size: | 1,632.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5256681
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