39 Nelson St
Painesville, OH 44077
Multifamily Property For Sale
·
5 Units
Executive Summary
VERY RARE 5-unit in Painesville. 39 Nelson Street offers an excellent investment opportunity just off Mentor Ave. This Victorian style property is located within close proximity to many retailers such as Giant Eagle, Dollar General, Pizza Hut and more for tenant convenience. This well-maintained and fully occupied multifamily is comprised of five one-bed, one-bath units spread across two stories. Constructed in 1910, with renovations completed in 2023.. Tenants have access to onsite parking with five driveway surface spaces and two covered, garage spaces. The property is currently 100% leased. 2 units rented at $600 per month and 3 units at $850 per month. Expenses for this property include taxes at approximately $3,053 per year, electric/water/sewer at $200 per month, gas at $200 per month, and insurance at $1,700 per year. ----------------------------------- SELLER FINANCING IS AVAILABLE!
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 600 - 1,000 |
