Large Duplex with Long-Time Tenants! Property brings in $1335/month and tenants want to stay. Minimal updates have been made to the property. Home Warranty included for peace of mind. Parcel includes a duplex in the front and a separate home in the back. The back home was damaged by fire and needs to be rehabbed or torn down. If rehabbed, it could add $100K in value and a third rental unit. Lots of Potential!
Welcome to this spacious duplex, offering 2,688 square feet of well-maintained living space, located in the heart of Painesville, Ohio. Originally built in 1890, this property combines historic charm with modern updates, making it a perfect investment opportunity or multi-family residence. Sitting on a 0.23-acre lot, the home features a combination of aluminum and vinyl siding, providing both durability and curb appeal.
Painesville is located in Ohio. Painesville, Ohio has a population of 20,311. Painesville is more family-centric than the surrounding county with 32.48% of the households containing married families with children. The county average for households married with children is 26.8%.
The median household income in Painesville, Ohio is $47,976. The median household income for the surrounding county is $70,168 compared to the national median of $69,021. The median age of people living in Painesville is 31.2 years.
The average high temperature in July is 80.8 degrees, with an average low temperature in January of 19.1 degrees. The average rainfall is approximately 39.2 inches per year, with 69.5 inches of snow per year.
