This Multifamily Property is no longer advertised on LoopNet.com.

205 Mentor Ave
Painesville, OH 44077
 Multifamily Property For Sale · 16 Units

Apartment Buildings Ohio Painesville 205 Mentor Ave, Painesville, OH 44077

INVESTMENT HIGHLIGHTS

  • Clean, well-maintained property with minimal deferred maintenance
  • Walking distance to Lake Erie College (35 undergraduate majors and graduate programs with 1,000+ enrollment)
  • 10-minute or less commute to major employers including Lake Health, Avery Dennison, Lubrizol, Lincoln Electric and Steris
  • In-place rents are currently $75 to $150 below competing properties
  • 1 minute from SR-2, a major highway linking Painesville to Cleveland’s CBD and eastern suburbs

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.65 AC
Building Size 12,560 SF
No. Stories 2
Year Built 1910
Parking Ratio 0.95/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 14 - 599
Studios 2 - 550

LINKS

PROPERTY TAXES

Parcel Number 15-C-003-0-00-024 Improvements Assessment $189,670
Land Assessment $18,580 Total Assessment $208,250

ZONING

Zoning Code R-3
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  • Listing ID: 28663989

  • Date on Market: 6/5/2023

  • Last Updated:

  • Address: 205 Mentor Ave, Painesville, OH 44077

More public record information on 205 Mentor Ave, Painesville, OH 44077

The Multifamily Property at 205 Mentor Ave, Painesville, OH 44077 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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