139 W Jackson ST Painesville Twp, OH 44077
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,544 sqft
Price per Sqft $84
Subdivision Oliver A Crarys Sub
MLS Listing ID 5253696
Style Other
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,104
Total Fin. Sqft 1544
Year Built 1900
Annual Tax Amount $2,127
Tax Year 2025
Lot Size 0.268 Acres
Acres 0.2677
Property Sub-Type Single Family Residence
Property Description
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!
Location
State OH
County Lake
Rooms
Basement Unfinished
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Unpaved
Water Access Desc Public
Roof Type Asphalt
Garage false
Private Pool No
Building
Entry Level Three Or More
Foundation Combination
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Three Or More
Schools
School District Painesville City Lsd - 4305
Others
Tax ID 15-D-001-0-00-071-0
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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