Melissa Hornbeck

166-188 Mentor Avenue
Painesville, OH 44077

$1,534,000

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Listing Details

  • $1,534,000
  • MLS# 5227213
  • Type Commercial - Business
  • Status Active
  • 0.570 acres
    Lot Size
  • 1984
    Year Built
  • Painesville City Local
    Local Schools

Home Value Estimate

Description

Exceptional opportunity to acquire a 13-unit multifamily portfolio in one of Lake County's fastest-improving rental markets. Located at 166-188 Mentor Avenue, this well-positioned asset generates approximately $147,000 in annual gross rental income, providing investors with immediate cash flow and significant long-term appreciation potential. Situated just minutes from Historic Downtown Painesville, the property benefits from the city's ongoing transformation and public/private investment initiatives. Downtown Painesville has experienced substantial revitalization through new mixed-use redevelopment, streetscape improvements, infrastructure...read more

Features

  • Electric, Gas
  • $17,827 / year Taxes
  • Public
  • Built in 1984
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Listed By

Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: cjekutis@kw.com, 440-413-2534

Shown By

Agent Name: Melissa Hornbeck
Agent Phone: (240) 727-5830
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact

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