6 Properties in One Deal >> Toledo, Ohio - Turnkey!

[Ben Startz]

Out of state landlord is offering a lot of 6 different investment properties, all single-family homes, in the Toledo, Ohio area. 5 of the 6 homes are currently rented, the last one was rented as late as November 2016. All units are professionally managed by licensed firm in Toledo. 

Here is a quick summary of the properties and rent roll:

5 BR/1 BA Rent: 650.00/month 773.2 Annual Taxes
2 BR/1 BA Rent: 350.00/month 481.86 Annual Taxes
- 3 BR/1 BA Past Rent: 400/month 503.00 Annual Taxes (Tenant evicted in Nov 2016, new paint/doors, etc.).
3 BR/1 BA Rent: 350.00/month 528.78 Annual Taxes
2 BR/1 BA Rent: 420.00/month 588.94 Annual Taxes
2 BR/1 BA Rent: 350.00/month 551.16 Annual Taxes

Net Monthly Collections:
$1688.60 /December 16
$885 /November 16
$752.22 /October 16
$1384.55 /September 16
$1070.40 /August 16
$1460.45 /July 16

Avg Monthly in last 6 months: $963.46

We currently use around 12% of collections for ongoing maintenance per month, some months higher, some lower. Utilities fluctuate. Spent first half of 2016 (including all rent income) to address all major maintenance items - nothing outstanding today. All taxes are current. Turnkey opportunity... management company is prepared for transfer of ownership. Firm and fair price at $57,500 for all six properties... generates at 20+% ROI return.

Please only serious inquiries. Inquire by email ([email protected]), and provide phone number, and I will get back to you.