$115,950
802 Spencer St, Toledo, OH 43609
Current Rent **
$1,600
Projected Rent **
$2,992
Unit 1 Details
- Current Rent: $500
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $500
- Bedroom: 0 bd
- Bathroom: 0 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 3 Details
- Current Rent: $300
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Unit 4 Details
- Current Rent: $300
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 3433 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
๐ฅ(๐ง๐ผ๐น๐ฒ๐ฑ๐ผ, ๐ข๐) ๐ฅ ๐ค๐๐ฎ๐ฑ๐ฝ๐น๐ฒ๐ ๐ฅ ๐ญ๐ฌ๐ฌ% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ | ๐ฆ๐ฒ๐ฝ๐ฎ๐ฟ๐ฎ๐๐ฒ ๐ ๐ฒ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐๐ฎ๐/๐๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ฐ ๐ฅ
Opportunity is knocking!
Pick up this 4 Unit Property in Toledo, Ohio!
ARV: $157,673
Current Rent: $1,600/month (Below Market Rents)
Potential Rent: $2,992/month
DETAILS
Unit Mix:
Two 1BR/1 Bath Unit
Two 2BR/1 Bath Unit
Taxes: $2,400
Building Square Footage: 3,433 SqFt
Utilities:
Tenants pay for Gas & Electric
4 Electric Panels
Updated Wiring
Owners pays ~$215/month for Water/Sewer
2 Water Heaters
Lot Size: 5,480 SqFt
Year Built: 1923
Occupancy: 100% Occupied
Units: 4 units
Market Rents: $643-$853/Unit
Current Rents: $300-$500/Unit.
Management: Excellent local property management company ready to step in and manage this one for the next owner.
Pro Forma CAP: 22.03% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Location:
802 Spencer St, Toledo, OH 43609
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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