Christopher Pugh
(419) 575-8750
(419) 575-8750
BEDS2
BATHS2 full
SQUARE FEET1,125
MLS#5240320
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOliver A Crarys Sub
SCHOOLPainesville City Local
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 $130,000 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air
Lot Size: 0.20 Acres
Roof Type: Flat
Stories: 1.0
Taxes: $1,455 / year
Year Built: 1910
Feature Descriptions
Days on Site: 13
Exterior: Aluminum Siding
Parcel#: 15-D-001-0-00-070-0
Parking: Off Street, Outside
Sewer: Public Sewer
Water: Public
Local Schools
School District: Painesville City Local
Listed By / Shown By
Listed By
Agency Name: Galileo Realty LLC
Agency Contact: 216-644-9851, gal@galileo-realty.com
Shown By
Agent Name: Christopher Pugh
Agent Phone: (419) 575-8750
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 886.35 per month $727.18 Principal & Interest $121.25 Property Tax $37.92 Homeowner's InsuranceChange Payment Information
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133 W Jackson Street | MLS# 5240320
This multi-family property located at 133 W Jackson Street, Painesville, OH 44077 is currently listed for sale with an asking price of $130,000. W Jackson Street is located within the Painesville City Local school district. Search Painesville real estate on www.custarchris.com today.