$189,900

267 Rockwood Drive, Painesville, OH 44077

  • 5 beds |
  • 3 baths |
  • 1,917 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon5,401sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $99/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

Here’s your chance to own a classic income-producing duplex colonial in Lake County, Ohio; except this duplex comprises 2 free-standing single-family structures. The Front House has refreshed paint and flooring. It offers 3 generous bedrooms upstairs, 2 very roomy full bathrooms (1 bath up and 1 bath on the main floor), a large eat-in kitchen with a bonus area, and a spacious, open living/dining layout. The furnace is new this year, the HWT is just under 3yrs old, and the electrical is updated. This Front House is currently vacant—perfect for a family or for an investor to place a new tenant at today’s market rents, ready to boost cash flow significantly. The Back House is occupied by a tenured tenant of over 9 years, paying $600 per month + utilities. The furnace is approximately 15yrs old and the HWT is <5yrs. The Back House could use some TLC. Both roofs are newer <5yrs! The driveway is double-wide, providing organized duo-tenant designated parking. This property provides both current stability and a great deal of upside. Full-service professional management for tenant screening, leasing, marketing, and tenant communications, as well as for rehab and construction services, is available. This ensures a smooth transition and makes this property an attractive option for both local and out-of-state buyers. Located very close to schools, shopping, parks, and major highways, this duplex offers convenience for tenants and Owner. Whether you’re looking for the perfect place for you and your extended family, or whether you're building your investment portfolio and/or entering the Cleveland-area market for the first time, this is a versatile investment opportunity offering immediate income and long-term growth potential—schedule a showing today!

Listing Status:
Active
Listing Office:
All Access Realty : 440-413-0945
Listing Agent:
Christine Jarrell : 440-413-0945
MLS ID:
5168168
  • General: Built-in FeaturesEat-in KitchenStorageSoaking TubWalk-In Closet(s)
  • Appliances: RangeRefrigerator
  • Basement: FullUnfinished
  • A/C: None
  • Heating: Forced AirGas
  • Parking: Additional ParkingAsphaltCommonDrivewayDetachedGarageOn SiteOutsideOversizedPrivateShared DrivewaySide By Side
  • Roofing: Asphalt
  • General: Vinyl Siding2Block
  • Originating MLS: NOWDD_NORM
  • School District: Painesville City LSD - 4305
  • County: Lake
  • Zoning: PAINESVILLE LOT TRACT 315-A-007-0-00-049-0
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Christine Jarrell, All Access Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Elm Street Elementary School

585 Elm St, Painesville, OH, 44077

Grades KG-5

0.59 miles away

H

Heritage Middle School

135 Cedarbrook Dr, Painesville, OH, 44077

Grades 6-8

1.29 miles away

H

Harvey High School

200 W Walnut Ave, Painesville, OH, 44077

Grades 9-12

0.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.