$130,000

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.

2 Beds ⋅ 2 Baths ⋅ 5240320 MLS

133 W Jackson Street, Painesville

Listing Courtesy of: Gal Fox, gal@galileo-realty.com With Galileo Realty LLC

$595,000

This beautiful 6 unit all brick apartment house featuring 3 two bedroom and 3 one bedroom units, all with tall ceilings and spacious layouts. New windows installed in 2010, new furnaces for each unit in 2014. All units have a garage with opener and electricity paved floor. There is one additional parking space per unit on paved parking lot. Each unit has access to basement storage area that is accessible from inside the building. All utilities are metered separately. The owner pays for trash removal. The carriage house is a 40' x 30' two story building with 8' 4" sliding door and a 18' x 24' attached garage with a opener. Make sure to have your agent set up your appointment to visit this Historic Gem! Bus stop in the front of the property, and walking distance to Lake Erie College. Easy access to the freeway for those commuting to work.

5143813 MLS

190 Mentor Avenue, Painesville

Listing Courtesy of: Kathleen M Cotter, ohiokcotter@gmail.com With Falvey Realty