Brush Everyone Aside With This Petite Property
$59,900.00Price
You’re probably asking yourself what makes this property “petite”. Well, let me start off by saying that we have never seen a better floor plan comprising of only 700 sqft (We need to check the county records to make sure the upstairs bedroom is included and that figure is accurate) but somehow managing to include 3 bedrooms without looking crammed. This turnkey property truly is a gem and one that we are seriously considering to keep for our own portfolio. It has an updated bathroom with new higher end finishings and the 2 downstairs bedrooms each have seperate access to the bathroom. It also comes with a detached garage that has recently had a complete makeover. The property also has a NEW roof, NEW windows and NEW siding.
This turnkey property is located in the Five Points area of Toledo which is known to be a heavily owner occupied area of town.
The 43612 zip code sits right on the outskirts of the Washington Local School District and is a prime location for both renters and home owners. Renovated comparable sales are strong with prices ranging in the $45,000 - $55,000 range. A bit further to the East renovated comparable sales have been ranging from $70,000 - $80,000 with bigger and more appealing properties selling for $85,000+.
Details
Single Family Home
Property Type: Residential
Property Market: Toledo
Lot Size: 3,200 sq ft
Square Footage: 696 sq ft
Bedrooms: 3
Bathrooms: 1
Parking: Detached 240 sq ft
Property Pro-Forma Details
Rent: $750
Annual Rent: $9,000
Annual Net Return: $5,750
Cap Rate: 10%
Annual Expenses
Tax: $1,750
Insurance: 600
Management: $900