793-799 N Saint Clair St

    Painesville, OH 44077
    • $475,000
    • STATUS: Contingent
    • ON SITE: 320 days
    • MLS #: 3955116
    Under Contract
    UPDATED: 30 min ago
    $475,000
    • 6
      BEDS
    • 0.36
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,630
      SQFT
    • $131
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    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.

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    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 2018-09-25T22:07:54.647.
    www.clevelandhomefinder.com/homes/78622526

    793-799 N Saint Clair St Painesville, OH 44077

    • Price: $475,000
    • Status: Contingent
    • Updated: 30 min ago
    • MLS #: 3955116
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.36
    Acres
    3,630
    SQFT
    $131
    $/SQFT
    1920
    Built
    Neighborhood:
    Derby Drive 03
    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

    Interior Features

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

    Property Features

    Annual Taxes 3505 Assessments No Association Northern Ohio Regional Mls Auction No Available Financing CashConventional Disability Features No Fixer Upper No Gross Income 27300.00 Homestead Exemption No Lot Size Source Auditors Website Multifamily Type Four 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 2018-09-25T22:07:54.647.
     
    Howard Hanna
    8396 Mentor Ave.
    Mentor OH, 44060
    Listing courtesy of Novella Realty, Llc..
    Listing information © 2017 NEOHREX MLS.