139 W Jackson St

Painesville OH 44077

1544 sq. ft.

0.27 ac.

Single-Family

Currently for sale - view listing

Overview

Turnkey Income Property Near Lake Erie College. Buy It Alone or as a $3,117/Month Package! Here is a rental that is already working for you. 139 W Jackson sits minutes from Lake Erie College, Richmond Road and Route 2, so tenant demand is built in. It was renovated about 2.5 years ago and is rented to students today, so you collect income from day one. The home offers 1,104 sq. ft. above ground plus 440 sq. ft. in the basement. There are three bedrooms: two on the main floor and one upstairs. The main level has a full bathroom, a spacious kitchen and a separate living room. Upstairs, a second living area gives tenants room to study, relax or entertain. Laminate flooring throughout keeps maintenance simple and turnovers fast. There is no garage. Current income: $1,475 per month. That is $1,300 rent, $150 for water and sewer, and a $25 pet fee. The tenants are month to month, so you can keep them in place or reposition the property on your own timeline. The real opportunity is the package. Advantage will be given to an investor buying both 139 and 133-135 W Jackson, the adjacent parcel, 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. Whether you are building a portfolio or adding to one, this is income, location and scale in a single purchase. Schedule your showing today!