Home For Sale near Lake Erie
Introducing the Elk Creek Historical Lodge - a rare 16-unit approved boarding house delivering serious cash flow and a strong 13.5% cap rate with large net income. This income-producing asset features 16 rentable units plus an on-site property manager for streamlined, hands-off operations. Situated on over an acre, the lodge blends historic character with practical upgrades, including industrial-grade kitchen equipment, a spacious common area ideal for group gatherings, two marble fireplaces, updated electrical, a commercial boiler system, and brand-new plumbing in 11 upper units. Ample off-street parking adds convenience, while flexible commercial/residential zoning and a valuable lodge tax exemption further enhance returns. With solid rental history and value-add stability, this is a high-yield investment opportunity you don't want to miss. POSSIBLE OWNER FINANCING AVAILABLE WITH 75K DOWN.Property Details
- Beds: 16
- Baths: 0.0
- Sq Feet: 12408
- Year Built: 1900
- Location: Lake Erie
- Acres: 1.120
- County: Erie County
- Heat/AC: Hot Water(Heating), Natural Gas
- Siding: AluminumSiding
- Roof: Composition
- Stories: 2
- Property Taxes: $6,301
- MLS #: 189799
Location
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Contact Information:
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Listing Agent: Jake Scheloske, Agresti Real Estate, 814-459-9400, 814-459-9400 Listing Site, Listing Status: Active
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 7336718 |
| Viewed: | 1 times |
| Added: | Feb 28, 2026 |
| Updated on: | Feb 28, 2026 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
