793-799 North Saint Clair St Painesville, OH
$ 475,000
Property Attributes
  • MLS#3955116
  • TypeMulti-Family
  • CountyLAKE
  • CityPainesville
  • AreaPainesville City
  • NeighborhoodDerby Drive 03
  • Zip44077
  • StyleFour Family
  • Year Built1920
  • Taxes3505
  • Price$ 475,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3630
  • Lot Size0.36 Acres
Listing Provided Courtesy Of:
Novella Realty, LLC.
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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
11/8/2017 Listed $475,000

General Features

Directions off of n st clair
HOA Northern Ohio Regional MLS
Property Sub Type Four
Property Type Multi-Family
School District Painesville City LSD
Status Active
Subdivision Complex Derby Drive 03
Virtual Tour Url Unbranded
Year Built 1920

Interior Features

Appliances Equipment Oven, Range, Refrigerator
Basement Detail Full, Unfinished
Basement Y/N Yes
Cooling Window Unit(s)
Full Baths 4
Heating Fuel Gas
Heating Type Forced Air

Exterior Features

Driveway Paved
Exterior Vinyl
Garage Features None
Lot Size Source Auditors Website
Lot Size Units Acres
Roof Asphalt/Fiberglass
Stories 2.00
Units 4
Water Sewer Public Water, Public Sewer


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 44077

AVG $230K
AVG $2,294
AVG 60
Year Built
AVG 1931
AVG 40

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