396 Railroad Street, Painesville, OH 44077
- $164,000
- 4
- BD
- 2
- BA
- Sold Price
- $164,000
- List Price
- $169,000
- Status
- CLOSED
- Days on Market
- 50
- Closing Date
- Jun 27, 2025
- MLS#
- 5120222
- Subtype
- Residential Income
- Year Built
- 1910
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Acres
- 0.10
- Subdivision
- Phelps & Perkins
- Neighborhood
- Phelps & Perkins
- MLS Area Major
- Painesville
Property Description
Great investor double just waiting for you. This up/down two family home is a super investment for the long run. The first floor has great long term tenants and the 2nd is ready for new occupants. This home received a new roof in November 2021, and had numerous updates that same year as well. There is a driveway on each side of this home so no tenant will block the other when it comes to parking in the drive. The mechanicals have been updated so not much to do but kick back and collect the rents. Owner provides the refrigerators & ranges, & the tenants supply their own washer & dryer. The first fl laundry is in the basement and the second floor is in-suite. Rents are low so there is a good value added opportunity to increase the bottom line numbers with a few modifications. Take your money out of a volatile stock market or underperforming savings and invest in real estate today. Come explore this great home and you’ll want to call it your own.
Additional Information
- Taxes
- $1,629
- Appliances
- Range, Refrigerator
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Foundation
- Block
- Parking Features
- Driveway
- Garage Spaces
- 1
- School District
- Painesville City LSD - 4305
Listing Courtesy of: Thomas F Seaman, tseaman@kw.com With Keller Williams Greater Metropolitan
Selling Office: Real of Ohio.Mortgage Calculator
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