$29,000
1840 N Erie St, Toledo, OH 43611
Current Rent **
N/A
Projected Rent **
$2,511
Unit 1 Details
- Current Rent:
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 2624 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent:
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Unit 3 Details
- Current Rent:
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
π οΈ (π§πΌπΉπ²π±πΌ, π’π) πππ²ππΌπΊπ² π’π½π½πΌπΏπππ»πΆππ! π§πΏπΆπ½πΉπ²π ππΆπ π²πΏ-π¨π½π½π²πΏ! π’π»πΉπ $π―π΅πΈ! $ππ²ππΈ ππ₯π©!
ARV: $161,822
Actual Rent: $1,600/month
Potential Rent: $2,511/month
Unit Mix: Three 2 Bed/1 Bath Units
Occupancy: 100% Vacant
Market Rents: $837/Unit
Taxes: $740
Insurance: $900
Utilities: Tenants pay for all utilities except for water and sewer.
Building Square Footage: 2,624 Sq Ft
Lot Size: 4,704 Sq Ft
Year Built: 1892
Management: Currently self-managed, but excellent local property management
company ready to step in and manage this one for the next owner.
Cap Rate (Pro Forma): 55.93% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
Location:
1840 N Erie St, Toledo, OH 43611
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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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