Two-story light gray house with black shutters, a front porch, and a green lawn under a blue sky. [AI-generated text]

Cash-Flowing 4-Unit Investment Property in Painesville

$315,000~€281,827
  • 9 Rooms
  • 4 Bathrooms
  • ~430 m² Living area
  • Construction year 1910

Description

Cash flowing 4-unit investment property in Painesville generating $4,000/month in rental income, with all units currently occupied. Conveniently located near OH-2, OH-44, US-20, Lake Erie College, schools, shopping, restaurants, and other local attractions. One 3-bed/1-bath unit; two 2-bed/1-bath units; and one 1-bed/1-bath unit. Recent updates include: replaced some windows (2024), Unit 134 refrigerator (2025), Units 134 & 136 electric fixtures (2026), Unit 134 bathtub (2026), and applied Rhino Shield coating on all exterior siding (2024).
Features
Air-conditioningBasementGarage
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Engel & Völkers Cleveland

Your advisor: Adam T Zimmerman

Property ID: AM-5520757

Property details
  • Object type

    Apartment house

  • Rooms

    9

  • Bathrooms

    4

  • Number of Floors

    2

  • Parking spaces

    1

  • Living area

    ~430 m²

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