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$ 128,800
Est. payment /mo
Active
133 W Jackson ST Painesville, OH 44077
2 Beds
2 Baths
1,125 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,125 sqft
Price per Sqft $114
Subdivision Oliver A Crarys Sub
MLS Listing ID 5240320
Bedrooms 2
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,125
Year Built 1910
Annual Tax Amount $1,455
Tax Year 2025
Lot Size 8,799 Sqft
Acres 0.202
Property Sub-Type Duplex
Property Description
Excellent Investment Opportunity – Tenant-Occupied Side-by-Side Duplex
Great opportunity to add an income-producing duplex to your investment portfolio! This side-by-side duplex features two comfortable 1-bedroom, 1-bath units, each with its own private basement for additional storage.
Both units are currently occupied, providing immediate rental income:
Unit 133: Currently rented for $817/month, including pet fee and water/sewer. Renovated approximately 4 years ago.
Unit 135: Currently rented for $825/month, including pet fee. Recently renovated and in great condition.
Combined monthly rental income is $1,642, providing immediate rental income for the new owner. At the $130,000 asking price, the current rents represent approximately 1.26% of the purchase price per month, exceeding the commonly referenced 1% rule for rental properties.
The property is situated in a quiet and very private location with off-street parking, adding convenience and appeal for tenants.
Offered at $128,800 and priced competitively based on the property's current condition. This is an excellent opportunity to acquire an affordable duplex and expand a rental portfolio.
Important Showing Information: Both units are currently tenant occupied. To respect the tenants' privacy, showings will be permitted only after a signed purchase agreement. Please do not disturb the tenants.
The real opportunity is the package. Advantage will be given to an investor buying both 139 and 133-135 W Jackson, the adjacent parcel (MLS #5253696), as a complete cash flowing investment package generating $1,642 + $1,475 = $3,117.00 monthly! That is two neighboring parcels and three rental units, run as one investment. The seller prefers to sell both together.
Great opportunity to add an income-producing duplex to your investment portfolio! This side-by-side duplex features two comfortable 1-bedroom, 1-bath units, each with its own private basement for additional storage.
Both units are currently occupied, providing immediate rental income:
Unit 133: Currently rented for $817/month, including pet fee and water/sewer. Renovated approximately 4 years ago.
Unit 135: Currently rented for $825/month, including pet fee. Recently renovated and in great condition.
Combined monthly rental income is $1,642, providing immediate rental income for the new owner. At the $130,000 asking price, the current rents represent approximately 1.26% of the purchase price per month, exceeding the commonly referenced 1% rule for rental properties.
The property is situated in a quiet and very private location with off-street parking, adding convenience and appeal for tenants.
Offered at $128,800 and priced competitively based on the property's current condition. This is an excellent opportunity to acquire an affordable duplex and expand a rental portfolio.
Important Showing Information: Both units are currently tenant occupied. To respect the tenants' privacy, showings will be permitted only after a signed purchase agreement. Please do not disturb the tenants.
The real opportunity is the package. Advantage will be given to an investor buying both 139 and 133-135 W Jackson, the adjacent parcel (MLS #5253696), as a complete cash flowing investment package generating $1,642 + $1,475 = $3,117.00 monthly! That is two neighboring parcels and three rental units, run as one investment. The seller prefers to sell both together.
Location
State OH
County Lake
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Off Street, Outside
Water Access Desc Public
Roof Type Flat
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two, One
Schools
School District Painesville City Lsd - 4305
Others
Tax ID 15-D-001-0-00-070-0
Special Listing Condition Standard
Listed by Gal Fox • Galileo Realty LLC • 216-644-9851, gal@galileo-realty.com
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