Equity and Cashflow Opportunity - Walking Distance to University!

Lucas County, Toledo, OH, 43607 view full address
For Sale
Listed at: September 29th, 2024
Price
$40,000
ARV
$110,000
Gross Margin
$70,000
Sq. Footage
1160
Type
Detached
Parking
Driveway
Year build
1922
Lot size
0.08 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

17** Tecumseh St, Toledo, OH 43607

SFH (zoned duplex) 

3b/1ba

1,160 sqft living space

Off Market Free & Clear

Owner Financing

 

Features

Vinyl siding

1.7mi proximity to University of Toledo

Vacant

 

Estimated rents:

$1,119

https://www.rentometer.com/analysis/3-bed/1750-tecumseh-st-toledo-oh-43607/5jwqgFPPVyI/quickview

 

Higher for Section 8

https://www.lucasmha.org/payment-standards

 

Rehab 

Needs multi family conversion - Contact Team

Cosmetic Updates to keep as single $15k 

 

Photos

https://photos.app.goo.gl/xbJcGDa4tSC5rgMF9

 

Comps:

701 Marmion Ave - $90k July 

512 Brown Ave - $115k Feb

1534 Avondale Ave - $112k April

 

ARV est: $110k


Cash Asking: $40k

 

Finance Asking:

$55k total

$15k down 

$40k loan balance

$500 per/mo

0% APR

80 total payments

 

Returns: Cash Buy

$1119 - gross monthly

$13,428 - gross yearly

$10,743 - NOI

13% cash on cash return + equity

 

Will entertain cash offers

$4k EMD - Let’s Close!

Proof of Funds required before access is granted.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Kareem Robinson

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