133 W Jackson St, Painesville, OH 44077

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.