About This Home

This 4-bedroom, 2-bathroom multi-family at 58 Adelaide Avenue in Painesville, OH is listed for $225,000 ($142 per sqft). Built in 1920, the home offers 1,584 sqft of living space on a N/A lot.

Key Features

Built in 1920

Property Details

2 full

1920

Listing Description

Completely renovated and cash-flowing 2-unit investment property in Painesville Township, in the Riverside School District, currently generating $2,200/month in rental income, with the potential to generate $2,500 or more per month. The home features 2 currently occupied units: Lower unit has 3 bedrooms and a full bath; upper unit has 1 bedroom and a full bath.

Both units have in-suite laundry, stainless steel appliances, new flooring and paint. RECENT UPDATES: Replaced roof and siding (2024), completed updated both units including kitchens, baths, flooring, paint, and all appliances (2024/2025). INCLUDED are ALL kitchen appliances and washers/dryers. Conveniently located near OH-2, OH-44, US-20, Lake Erie College, Headlands Beach and Fairport Harbor Lakefront parks, shopping, restaurants, and other local attractions.

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163

Interest$975

Insurance$66

Estimates only. Actual payments may vary.

Location

58 Adelaide Avenue

Painesville, OH 44077

Wg Mccall

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 58 Adelaide Avenue is listed at $225,000 ($142/sqft). The estimated monthly payment is $1,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920.

This property is listed by Adam T Zimmerman.

Adam T Zimmerman

Agent at Engel & Volkers Cleveland

58 Adelaide Avenue, Painesville, OH 44077