783-785 N Saint Clair St

    Painesville, OH 44077
    • $459,900
    • STATUS: Contingent
    • ON SITE: 375 days
    • MLS #: 3955107
    Under Contract
    UPDATED: 63 min ago
    $459,900
    • 4
      BEDS
    • 0.12
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,456
      SQFT
    • $316
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    School District:
    Listing courtesy of Novella Realty, Llc..
    Listing information © 2017 NEOHREX MLS.

    Description

    *** Package Sale Includes MLS #'s: 3955116, 3955107, 3955111, 3955093 *** This portfolio includes 2 duplexes, a 4 unit and a single family, for a total of 9 rental units. All are located off of the same shared driveway for easy management & access. Total Gross Income Potential for ALL units is $71,784. Current annual expenses include tax for all properties of $9,186, Insurance is $3,385, and utilities are approximately $5,724 for the owner's portion. Adding in an 8% management fee (this owner self-manages the property) and average maintenance expense fee of 5%, at this price the cap rate would be approximately 9.3%. Each building has had roof, windows, and siding all done within the past 10 years at the most. 3 out of 4 of the buildings roofs are 5 years young. Please ask for the full financial statements and property improvement lists if interested.

    Monthly Payment Calculator

    Listing information © 2018 NEOHREX Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Howard Hanna are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2018-11-19T18:07:21.413.
    www.clevelandhomefinder.com/homes/78622525

    783-785 N Saint Clair St Painesville, OH 44077

    • Price: $459,900
    • Status: Contingent
    • Updated: 63 min ago
    • MLS #: 3955107
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,456
    SQFT
    $316
    $/SQFT
    1959
    Built
    Neighborhood:
    R C Moodeys Surv &
    County:
    Lake
    Area:
    Painesville City
    School District:
    Painesville City LSD
    Property Description
    *** Package Sale Includes MLS #'s: 3955116, 3955107, 3955111, 3955093 *** This portfolio includes 2 duplexes, a 4 unit and a single family, for a total of 9 rental units. All are located off of the same shared driveway for easy management & access. Total Gross Income Potential for ALL units is $71,784. Current annual expenses include tax for all properties of $9,186, Insurance is $3,385, and utilities are approximately $5,724 for the owner's portion. Adding in an 8% management fee (this owner self-manages the property) and average maintenance expense fee of 5%, at this price the cap rate would be approximately 9.3%. Each building has had roof, windows, and siding all done within the past 10 years at the most. 3 out of 4 of the buildings roofs are 5 years young. Please ask for the full financial statements and property improvement lists if interested.
    Exterior Features

    Driveway Paved Exterior Vinyl Garage Features None Roof Asphalt/Fiberglass View Description City View

    Interior Features

    Appliances Equipment OvenRangeRefrigerator Basement Yes Basement Detail FullUnfinished Cooling Type Window Unit(S) Elevator No Heating Fuel Gas Heating Type Forced Air Total Rooms 8

    Property Features

    Annual Taxes 1770 Assessments No Association Northern Ohio Regional Mls Auction No Available Financing CashConventional Disability Features No Fixer Upper No Gross Income 16764.00 Homestead Exemption No Lot Size Source Auditors Website Multifamily Type Two Ownership Principal/Nr Percent Units Occupied 100 Short Sale No Township Painesville City Local Water Sewer Public WaterPublic Sewer Year Built Exception Actual Ybt

    Listing information © 2018 NEOTHREX Multiple Listing Service.
    Listing provided courtesy of Novella Realty, Llc..
    Listing information © 2018 NEOHREX Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Howard Hanna are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2018-11-19T18:07:21.413.
     
    Howard Hanna
    8396 Mentor Ave.
    Mentor OH, 44060
    Listing courtesy of Novella Realty, Llc..
    Listing information © 2017 NEOHREX MLS.