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Updated almost 6 years ago on . Most recent reply

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Michael Laoag
  • Hawaii
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Small multi property rental in Toledo

Michael Laoag
  • Hawaii
Posted

I’m interested in small multi family rentals in the Toledo area. Does anyone know if zip:43605 is a good area to look for multi unit properties to rent?

I’m very new to real estate Investing and wanted to get started in the Toledo area.

Thank guys!

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Daniel Kramer
  • Rental Property Investor
  • Toledo, OH
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Daniel Kramer
  • Rental Property Investor
  • Toledo, OH
Replied

@Michael Laoag

I have over 29 years of residence but zero years investing. I am in the process of closing my first one.

43605 is the east side. My mom actually grew up on the east side but I wouldn't get out of my car and walk around. Others that I avoid are 43607, 43608, 43609, 43610. 43604 is either downtown or really bad. Some people might find success in these areas but it's not for me.

There are some decent value mid-range places in 43606, 43611, 43612, 43613, 43614, 43615. In these mid-range areas, I like looking for Washington Local schools as a bonus but not to say stay off of anything in Toledo public schools. And like any city, a zip code covers a lot of ground and there are blocks/corners of those mid-range zip codes that I still wouldn't walk voluntarily for fun, but those first few zip codes I named have almost no good blocks/corners.

Hope this helps and best of luck to you.

Dan

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