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$225,000
5 Beds ⋅ 4 Baths ⋅ 5195078 MLS
Welcome to 204 W. South St., Painesville—an excellent multi-family investment opportunity offering the potential for up to four units and strong income-producing capabilities. Ideally located next to Lake Erie College and adjacent to the Metroparks walking path, this property provides a desirable setting for tenants and long-term value. The main home features two first-floor bedrooms, a spacious living room with a brick fireplace, a formal dining room with a skylight, and a large kitchen with oak cabinetry. A full bathroom is located on the main level. The upper level includes a separate entrance and functions as a private living suite with its own bathroom, offering the potential to be converted into an efficiency unit with the addition of a kitchen. In addition to the main residence, the property includes two separate ranch-style homes, each offering one bedroom, a full kitchen, living room, full bathroom, and full basement—ideal for additional rental income. All units are separately metered with individual gas and electric service. Major mechanical updates include new roofs on the two rear homes within the last two years, new hot water tanks in all three buildings within the last two years, and furnaces replaced within the last 16 years. This versatile property offers a rare opportunity for investors or owner-occupants seeking multiple income streams in a prime Painesville location.

204 W South Street, Painesville

Listing Courtesy of: Michael Kaim, kaimteam@gmail.com With Real of Ohio

Selling Office: Real of Ohio.

$195,000
3 Beds ⋅ 2 Baths ⋅ 5059326 MLS
This home has been through an extensive rehab. The exterior still says century home, with details, colors, some shake, and some regular siding add to the charm. Huge barn-style garage on a large beautifully landscaped private lot. Inside all new drywall, electrical, lighting, and luxury vinyl flooring. Once you walk in you will find yesterday's overall charm with today's completely updated features. Open floor plan with 2 staircases. An amazing kitchen with butcher block counters, and all new appliances, open to a coffee/butler's pantry area. This is open to the kitchen and has many uses. The first floor has an amazing hallway with a half bath, laundry room, and staircase. Large bedrooms all have large closets, recessed lighting, and ceiling fans. A landing area at the front stairway, welcoming you to the bedrooms is at the top of the front stairway. The full basement is only needed for additional storage, the washer and dryer moved to the first floor.

357 Liberty Street, Painesville

Listing Courtesy of: George Spiesman, georgespiesman@gmail.com With Platinum Real Estate

Selling Office: Keller Williams Greater Cleveland Northeast.

$75,000
5 Beds ⋅ 2 Baths ⋅ 4468042 MLS
Currently tenant occupied. MTM rent i/a/o $1,000 is well below market. Owner pays water, sewer, and trash collection. Property is part of a larger investment real estate portfolio. See MLS #4468705 (4 properties) and MLS #4468709 (7 properties) for portfolio details.

238 Liberty Street, Painesville

Listing Courtesy of: Wesley Purvis, wes@purvisre.com With Coldwell Banker Schmidt Realty

Selling Office: Keller Williams Grt Cleve NE.

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