Off Market 4Plex and Storefront in Toledo, OH... 105k

[Jason Lewis]

UNDER CONTRACT...

4plex apartment building consisting of all 2 bed/1 bath apartments. 3 units are occupied collecting a total of $1,425 with 1 vacancy that needs to be renovated completely. There is also a storefront behind the 4plex on a separate lot that is vacant. It can be converted into 2 more studio apartments. 10.5% cap rate upon taking over the property with 3 leases in place that expire in June 2022. Tenants pay utilities. 2 bedrooms in this zip code are renting for $650 and up. Purchase price is $105,000 and that includes assignment fee. Set to close on June 10, 2022. Serious buyers contact me at [email protected].