BEDS3
BATHS1 full 2 partial
SQUARE FEET1,472
MLS#5260322
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONFairfax Manor Condo
SCHOOLMentor Exempted Village
Property Description
Excellent investment opportunity in the heart of Mentor! This spacious three-bedroom, three-bath condominium offers approximately 1,400 square feet of living space with an established tenant in place and an attractive estimated 10% cap rate. Conveniently located within half a mile of Mentor's popular retail and dining corridor, the property offers easy access to Interstate 90 and State Route 2, along with nearby shopping, restaurants, employers, and everyday amenities. The three-bedroom layout provides an appealing alternative to traditional apartment living in an area where rental opportunities offering this amount of space are limited. With continued demand for well-located rental properties and an existing tenant who has expressed interest in remaining for several years, this is an excellent opportunity for an investor looking to add an income-producing property to their portfolio. The property is being sold as-is with the existing tenancy to remain. Additional financial information and showing details are available through the co-listing agent.
Property Features
Property Type: Residential - Condominium
Basement: None
Cooling: Central Air
Garage: 1
Heating: Forced Air
Home Style: Conventional, Multiplex, Traditional
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,512 / year
Year Built: 1972
Feature Descriptions
Exterior: Aluminum Siding
Fencing: Fenced, Gate
Laundry: Inside, Laundry Room, In Unit
Parcel#: 16-A-004-E-00-025-0
Parking: Additional Parking, Assigned, Covered, Carport, Detached Carport, On Site, Community Structure
Patio/Porch: Patio
Pets Allowed: Cats OK, Dogs OK, Yes
Sewer: Public Sewer
Water: Public
Local Schools
School District: Mentor Exempted Village
Listed By / Shown By
Listed By
Agency Name: Platinum Real Estate
Agency Contact: markzervosceo@gmail.com, 216-990-2100
Shown By
Agency Title: DeHOFF REALTORS
Agency Phone: 330-499-8153
Estimate Your Payment
Estimated Payment
$ 855.94 per month $684.73 Principal & Interest $126.00 Property Tax $45.21 Homeowner's Insurance
7970 Mentor Avenue, Unit O7 | MLS# 5260322
This condo located at 7970 Mentor Avenue, Unit O7, Mentor, OH 44060 is currently listed for sale with an asking price of $155,000. This property was built in 1972 and has 3 bedrooms and 1 full and 2 partial baths with 1472 sq. ft. Mentor Avenue, Unit O7 is located in the Fairfax Manor Condo subdivision within the Mentor Exempted Village school district. Search Fairfax Manor Condo real estate on www.findanohiorealtor.com today.