7970 Mentor AVE #O7, Mentor, OH 44060
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Michael Henry

Michael Henry

+1(216) 973-1402
$ 155,000
Est. payment /mo
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7970 Mentor AVE #O7 Mentor, OH 44060

3 Beds

3 Baths

1,472 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,472 sqft

Price per Sqft $105

Subdivision Fairfax Manor Condo

MLS Listing ID 5260322

Style Conventional,Multiplex,Traditional

Bedrooms 3

Full Baths 1

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 1,472

Year Built 1972

Annual Tax Amount $1,512

Tax Year 2025

Property Sub-Type Condominium

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.

Location

State OH

County Lake

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Laundry Inside, Laundry Room, In Unit

Exterior

Parking Features Additional Parking, Assigned, Covered, Carport, Detached Carport, On Site, Community Structure

Garage Spaces 1.0

Carport Spaces 1

Garage Description 1.0

Fence Fenced, Gate

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Patio

Private Pool No

Building

Dwelling Type Townhouse

Story 2

Sewer Public Sewer

Water Public

Architectural Style Conventional, Multiplex, Traditional

Level or Stories Two

Schools

School District Mentor Evsd - 4304

Others

HOA Fee Include Association Management,Insurance,Maintenance Grounds,Maintenance Structure,Parking,Snow Removal,Trash

Tax ID 16-A-004-E-00-025-0

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK, Yes

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Mark C Zervos • Platinum Real Estate • markzervosceo@gmail.com, 216-990-2100

Nearby Locations

Michael Henry
Michael Henry

CEO, REALTOR, CLHMS - Certified Luxury Home Marketing Specialist™ Real Estate Sales License 2014003328

+1(216) 973-1402 | michael.henry.oh@exprealty.com

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7970 Mentor AVE #O7