🏡🌟 Duplex in Toledo with Excellent Upside – Will Sell Fast! 🔥🏡

Lucas County, Toledo, OH, 43607 view full address
Listed at: September 25th, 2024
Price
$36,000
ARV
$100,000
Gross Margin
$64,000
Sq. Footage
2300
Type
Multifamily
Parking
Driveway
Year build
1923
Lot size
0.12 acres
Bedrooms
6
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Property Details:

  • Type: Duplex
  • Square Footage: 2,300 sqft
  • Units: 2 (Each unit: 3 bedrooms, 1 bathroom)
  • Occupancy: Vacant
  • Roof: Poor condition, needs replacement
  • Foundation: Basement, with water damage
  • Utilities: Separated
  • Heating: Left unit furnace is 6 years old; Right unit has a brand-new furnace
  • Water Heaters: Both over 9 years old
  • Windows: Older, wood frames
  • Flooring: Hardwood throughout
  • Attic: Unfinished
  • Garage: None

Key Features:

  • Left Unit: Needs full kitchen and bathroom replacement, minor drywall repair, repainting, and deep cleaning. There's water damage in the kitchen due to a leak from the upstairs toilet, leading to water in the basement as well.
  • Right Unit: In decent condition with minor cosmetic updates needed.
  • HVAC: No A/C in either unit.

Investment Highlights: This duplex presents a fantastic opportunity for an investor seeking to add value through updates and renovations. Located in a promising area of Toledo, this property offers a great return on investment potential. While both units need work, the separated utilities and existing furnace systems (new in the right unit) add convenience and reduce costs for future tenants or resale. The unfinished attic offers potential for additional space or value.

Wholesale Price: $36,000
EMD: $1,500
Access: By Appointment

CALL OR TEXT: (248) 975-7431

 

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All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract (w/ equitable interest) with the seller of the property. I am not the owner of record. I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a EMD non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Yuvi Rachmilewitz

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