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Archived 11 months ago

$37,599

4 bd 3 ba 7846 sqft

122 Fassett Street, Toledo, OH 43605

Residential Quadplex Off MLS

Current Rent **

N/A

Projected Rent **

$2,780

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 0 bd
  • Bathroom: 0 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 3923 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 3923 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes

Collect $2,780 in this 4 Unit Quadplex in Toledo, OH!

Opportunity is knocking! Pick up this 4-unit Quadplex in Toledo, Ohio!

1 minute from Glass City River Wall
6 minutes from Toledo Museum of Art, National Museum of the Great Lakes,
Perspective Arcade Public Art, and International Park
13 minutes from The University of Toledo

ARV: $127,105

Potential Rent: 2,780/month

DETAILS

Unit Mix

Two 2 Bed/1 Bath Unit

One 1 Bed/1Bath Unit

One Efficiency Unit

Utilities: Separately Metered

Occupancy: 100% Vacant

Year built: 1913

Estimated Rehab: $40K

Sq Ft: 3,923

Lot Size: 3,451

Unit Mix: Two 2 Bedroom/1 Bath Units, One 1 Bedroom/1 Bath Unit, One Eff Bed/1 Bath Unit

Current Rents: Currently vacant

Market Rents: $579-804/Unit

Annual Tax: $2,514

Utilities: Tenants pay for all utilities except for water.

Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.

Pro Forma CAP: 39.76% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Location:
122 Fassett Street, Toledo, OH 43605

Location:

122 Fassett Street, Toledo, OH 43605

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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.