176 Stage Ave, Painesville, OH 44077

Description

Expand your investment portfolio with this income-producing property featuring three residential units on one parcel, a duplex and a detached single-family home, offering multiple income streams in one convenient location. The duplex consists of two units, each offering 2 bedrooms and 1 full bath, with separately metered electric service. Shared laundry hookups are located in the basement. The owner currently pays all utilities, including water and sewer, for both duplex units, as well as trash removal service. The detached single-family home offers 2 bedrooms, 1.5 baths, basement laundry hookups, and separate utility meters. The resident is responsible for all utilities, including water and sewer. The property is fully occupied with month-to-month rental agreements currently in place, providing immediate rental income while allowing future flexibility as lease opportunities arise. Additional Information: 24-hour notice is required for all showings. Residents will provide access for scheduled showings. Washers and dryers are owned by the residents and will not convey with the property. All remaining appliances are owned by the seller and will transfer with the sale. Unit 178: Resident pays all utilities, including water and sewer. Units 176 & 180: Owner pays all utilities, including water and sewer.
Owner provides trash removal service for the property. This is an excellent opportunity for investors seeking an established, income-producing asset with three residential units on a single parcel and the flexibility to implement future investment strategies as opportunities arise.

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176 Stage Ave

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