267 Rockwood DR new Save Request In-Person Tour Request Virtual Tour
Painesville,OH 44077
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,917 sqft
Price per Sqft $99
Subdivision M C Sherwood Homestead 03
MLS Listing ID 5168168
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 1,917
Year Built 1925
Annual Tax Amount $2,970
Tax Year 2024
Lot Size 5,401 Sqft
Acres 0.124
Property Sub-Type Duplex
Stories Two
Story Two
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!
Location
State OH
County Lake
Rooms
Basement Full,Unfinished
Interior
Interior Features Built-in Features,Eat-in Kitchen,Storage,Soaking Tub,Walk-In Closet(s)
Heating Forced Air,Gas
Cooling None
Fireplace No
Appliance Range,Refrigerator
Exterior
Parking Features Additional Parking,Asphalt,Common,Driveway,Detached,Garage,On Site,Outside,Oversized,Private,Shared Driveway,Side By Side
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Painesville City Lsd - 4305
Others
Tax ID 15-A-007-0-00-049-0