Property Description

Investor opportunity in South Toledo! This well-maintained, locally owned four-unit property is 100% occupied, generating $4,700 in monthly rental income ($56,400 annually), with all tenants currently on month-to-month leases. One unit has been fully renovated, and each unit offers 2 bedrooms, 1 bathroom, and a designated garage parking space in the detached garage. All units come equipped with a refrigerator, stove/oven, microwave, and dishwasher; all appliances are included in the sale. Shared laundry facilities and additional storage are located in the basement. Tenants pay their own gas and electric utilities, while owner-paid expenses include water averaging $350/month, common-area electric averaging $85/month, and annual lawn care maintenance of approximately $600. Conveniently located near Amazon's South Reynolds Road facility, restaurants, shopping, everyday amenities, and offers easy access to the Ohio Turnpike. This is a solid addition to an investment portfolio with established rental income and flexible month-to-month lease terms. Note: This building can be sold as a package deal with its neighboring building at 1701 Brownstone. Seller states to bring all offers!

Property Features

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