Investors, here's an opportunity to secure a property at a $40K starting price! This 3-bedroom, 1.5-bath single-family home offers 1,361 SF of living space on a 5,000 SF lot. With light cosmetic rehab reported, this property could be a great candidate for investors looking to add value through strategic updates and explore a long-term rental or resale exit strategy.
PROPERTY HIGHLIGHTS
Property Type: Single-Family Residence (SFR)
Bedrooms/Bathrooms: 3 Bed / 1.5 Bath
Living Area: 1,361 SF
Year Built: 1902
Lot Size: 5,000 SF
Condition: Light Cosmetic Rehab
Occupancy: Tenant-Occupied
DEAL TERMS
Starting Price: $40,000
Earnest Money Deposit (EMD): $3,500
Access: By Appointment
Closing Date: To Be Confirmed
POTENTIAL EXIT STRATEGIES
Fix & Flip: Evaluate the potential to improve the property's appeal with cosmetic updates and resell, subject to comparable sales, renovation costs, and resale expenses.
Buy & Hold: Explore the opportunity to retain the property as a rental. Verify the current lease, tenant payment history, market rent, and operating expenses before calculating cash flow.
Value-Add Investment: The low starting price may offer an attractive entry point for investors who can accurately assess the property's condition and total acquisition costs.
WHY TAKE A LOOK?
$40K starting price
Three-bedroom layout
Light cosmetic rehab reported
Potential resale or rental strategies
Convenient Toledo, Ohio location
Comparable Properties:
244 Raymer Blvd - Sold for $122,000 on 06/30/26 : 1440 sqft | 3/1.5 bed/bath | DATE
358 Spring Grove Ave - Sold for $110,000 on 04/29/26: 1380 sqft | 3/1 bed/bath
245 Plymouth St - Rented for $1125 on 09/16/26: 1600 sqft | 3/1 bed/bath | DATE
INTERESTED?
Don't miss the opportunity to evaluate this affordable Toledo investment!
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Next Steps
Contact us if you need more information
Schedule a property walkthrough
Make an offer directly on this page
Submit proof of funds
Sign assignment agreement
More About This Property
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ARV $120,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $51,000.