Property
Beds
2
Full Baths
2
1/2 Baths
None
Year Built
1910
Sq.Footage
1,125
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.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
2
-
Above Grade Finished Area
1125.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Aluminum Siding
-
Parking
Off Street, Outside
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.202
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$130,000
-
Tax Amount
$1,455
-
Sq. Footage
1,125
-
Price/SqFt
$115
HOA
-
Association
No
School District
-
Elementary School
Painesville City LSD - 4305
-
Middle School
Painesville City LSD - 4305
-
High School
Painesville City LSD - 4305
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Lake
Elementary School
Painesville City LSD - 4305
Middle School
Painesville City LSD - 4305
High School
Painesville City LSD - 4305
Listing Courtesy of Gal Fox , Galileo Realty LLC
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AGENT
Jeff Helfrich
Call Jeff today to schedule a private showing.
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