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Listed price in listed location currency (USD).
$128,300

220

MLS® 5240320

Overview

Key Facts

Type Duplex
Levels Residential Income
Size 1125 sqft
Garage 
Taxes $1,455
Days Active 65
Lot Size 0.202 Acres
Approx. Age 1910
Avg. Price Per Sqft $114
MLS® Number 5240320

Property Address: 133 Jackson St, Painesville, OH, 44077-3212

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number5240320
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementUnfinished
DrivewayOff Street, Outside
Garage Spaces
HeatForced Air
A/CNone

Extras

Home Estimate Zoopraisal®

This property is estimated to sell between: $128,000 and $181,000.
Similar properties in this area sold on average for: $162,928
Expected to sell very soon! Similar properties sold in 5 days. This home has been on Zoocasa for 65 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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