Fully occupied triplex with long-term tenants in place, currently generating $3060 per month in scheduled rent. Current rents are $990, $1080 and $990, all 3 are subsidzed (some partially). Tenants pay electric; owner is responsible for gas, water, sewer and trash due to the building’s central boiler system. Interior photos are from a prior 2021 listing and are provided for general reference only. Current condition may differ due to continued tenant occupancy. The units reflect older finishes and buyers should anticipate updating and turnover work as vacancies occur. The roof was replaced in 2006, the boiler in 2007, and the windows and siding in 2010. Buyer should independently verify ages and condition of all major components. Convenient location near local schools and Lakemore Recreation Park. This is an opportunity to acquire three occupied units at an attractive per-unit basis with future value-add potential. A neighboring duplex with comparable unit square footage recently sold for $111,000 per unit, while 2375 Sanitarium is being offered at approximately $76,667 per unit. Existing leases and trailing operating statements are available for review. Please do not disturb tenants. End buyers only.
Lakemore is located in Ohio. Lakemore, Ohio has a population of 2,944. Lakemore is less family-centric than the surrounding county with 25.5% of the households containing married families with children. The county average for households married with children is 26.83%.
The median household income in Lakemore, Ohio is $51,825. The median household income for the surrounding county is $63,111 compared to the national median of $69,021. The median age of people living in Lakemore is 49.6 years.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 38.2 inches per year, with 42.3 inches of snow per year.
