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​Welcome to a one-of-a-kind investment opportunity just steps off the strip in Geneva on the Lake and Lake Erie.

 

This home is within walking distance from the lake front 'Geneva on the Lake Strip' Ohio's oldest beach boardwalk, Within 7 miles from US Interstate 90, a major highway stretching across northern Ohio into neighboring states. ​ 37 Wineries in the "Grand River Valley Wine Region" are all within a 20 minute drive

 

A completely turnkey short term rental property or second beach house in which every single item inside the home stays!

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2024 Gross Revenue:     $26,000​

ARV Gross Revenue:     $52,000

Sales Price:                     $349,000

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First and most important with this listing is the detached garage…the potential this ADU/garage presents makes this like no other property on the market in this area.

• Garage already has a walk out second story door and support pillars already installed for a walk out patio.

• First floor of the garage with concrete floor will serve as great game room/bar area.  Two glass garage doors would make this room come to life.

• The upstairs was formerly used as a woodshop.  This space has all new windows, is fully insulated, and has updated electrical.  The current owner had a sketch in mind that would allow for this space to include a small kitchen/living room, two bedrooms, and a full-bathroom.  

• Upstairs opens up to a walk-out balcony.   The door and support pillars are already there.

Given local comparables, this garage/second rental unit would double the annual rents of this property.  Because the garage is not attached to the house, this additional unit could be rented with the house making it a "sleep 16 arrangement" which is impossible to find in GOTL, or you could rent it separately from the house.

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New vinyl siding and all new vinyl window. Upstairs houses 800 sq ft of space which is currently a wood shop complete with drywall Y electrical. Current owner was just about to convert this area to an entirely separate additional dwelling complete with kitchen, bathroom, living room, and two bedrooms. A two for one opportunity to create two separate Airbnb/rental’s!

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Current Ownership is a "Airbnb Super-host", this property has some of the highest guest ratings of all Airbnb properties in the county. ​This is a turnkey property, every single item in the homes stays.  There is roughly 10-15k in the home of decor, furniture, kitchenware, electronic's, ect. 

Current owner is retiring from real estate management in order to concentrate their time on their primary business. ​​
  

Detailed profit & loss statement will be emailed to all interest parties. Please utilize the "contact" tab here on this website.​​​​

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**Scroll to bottom of the page for a detailed portfolio of pictures of each property**

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