Historic 22 unit Multifamily/Commercial in Downtown Willoughby, For Sale

Multifamily/ Commercial Investment 4084-4098 Erie St. Willoughby, OH 44094 Rare Prime Lake County building for Sale. Only the 2nd time in 50 years Historic 22 unit Multifamily/Commercial building located in Downtown Willoughy. 18 Apartments 4 Retail Storefronts Excellent Rental History with Low Vacancy 35,000 +/- Sq.Ft. Situated on a corner lot made up of 5 parcels totaling 0.85 Acres. Large Parking Lot with 56 Spaces Built in 1901, it continues to showcase its historic charm. Located in Downtown Willoughby, a unique walking community, surrounded by over 50 restaurants and shops within a ½ mile. Visit http://downtownwilloughby.org/ for additional information on the area. Nestled on the West side of Lake County, known for its Lakefront Beaches, 55 Parks, Wineries & much more. Public transportation is offered through Laketran with many convenient spots located all across the county. Visit https://www.mylakeoh.com/ for additional information on this remarkable county.  Offering Summary Price:$3,300,000 Income: $352,315 Expenses: $90,013 Vacancy: 5% - 17,616 NOI: $244,686 Cap Rate: 7% Patrick Dowd, Vice President 216.406.0476 Patrick@SequoiaRealty.com If you have any questions or would like to schedule a viewing, call or email me. SEE ALL LISTINGS ‌ ‌ ‌ ‌