$3,850,000
UNDER CONTRACT $140K PRICE DROP

620 Cleveland Rd W Huron, OH 44839

Estimated payment $24,903/month

Total Views 13,867
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 2.14 Acre Lot
  • Brick or Stone Mason
  • Forced Air Heating System
  • Woodlands Intermediate School Rated A-
  • Window Unit Cooling System

About This Home

Discover a remarkable opportunity to invest in a portfolio (47 units) of established long-term rental buildings located in the sought-after community of Huron, Ohio. These well-maintained buildings, with a history of steady occupancy, are ideal for investors seeking reliable income and low-risk property management. Strategically situated near Lake Erie, local schools, and employment hubs, these properties benefit from a consistent tenant demand. Each building offers practical layouts and functional amenities, catering to tenants seeking comfortable, long-term housing. With their proven rental performance, these buildings represent a solid addition to any investment portfolio. Don't miss out on this chance to acquire a collection of income-generating properties in a stable and growing rental market. Reach out today to learn more about this exciting investment opportunity! Contact agent for more details!!! *Listing agent is related to the seller.

Listing Agent

Tarina Sidoti

BHHS Professional Realty License #2009004588 Listed on: 01/20/2025

BHHS Professional Realty

Co-Listing Agent

Alanna Gomez

BHHS Professional Realty License #2023001789

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,685

Year Built

  • Built in 1978

Lot Details

  • 2.14 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Vinyl Siding

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 4201351000

Community Details

Overview

  • 47 Units
  • Colonial Colony Subdivision

Building Details

  • Operating Expense $315,358
  • Gross Income $710,581
  • Net Operating Income $395,223

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,685

Year Built

Built in 1978

Lot Details

0

Listing Details

  • PropertySubType: Multi Family
  • PropertyType: Residential Income
  • Lot Size Acres: 2.14
  • Total Gross Income: 710581
  • Co List Office Mls Id: 1705
  • MLS Status: Contingent
  • Subdivision Name: Colonial Colony
  • Carport Y N: No
  • Year Built: 1978
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 93218.4
  • ResoLotSizeUnits: Acres
  • Parcel Number: 4201351000

Multi Family

  • Number Of Units Total: 47
  • Net Operating Income: 395223
  • Annual Operating Expense: 315358

Tax Info

  • Tax Annual Amount: 52685.22

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2025 02/19/25 Price Changed $3,850,000 -3.5% --
01/20/2025 01/20/25 For Sale $3,990,000 -- --
Source: Firelands Association of REALTORS®

Source: Firelands Association of REALTORS®

MLS Number: 20250221

Ohio Erie County Huron 44839

620 Cleveland Rd W, Huron, OH

This home is located at 620 Cleveland Rd W, Huron, OH 44839 and is currently priced at $3,850,000. This property was built in 1978. 620 Cleveland Rd W is a home located in Erie County with nearby schools including Woodlands Intermediate School, Shawnee Elementary School, and McCormick Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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Tarina Sidoti
Listing Agent
Tarina Sidoti
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BHHS Professional Realty
(419) 273-6493