Mayfair Blvd., Toledo, OH
$44,900.00Price
This home on Mayfair Blvd, Toledo, Ohio is a neat and tidy 2 bed, 1 bath home situated on a large 6,000 sq ft lot. This investment property is located in a quiet street and an area that is heavily owner occupied with many owners occupying there homes for 20+ years. The work being completed includes: complete bathroom overhaul, compete kitchen overhaul, new appliances, new carpet, interior painting, new furnace, new electrical panel, new hot water tank, new plumbing, and new light fittings.
This turnkey property is located within a 7min drive of the Toledo GM Powertrain. One of the largest employers in town with over 2,000 employees.
Over the years, renovated comparable homes have been known to sell between the $40,000 - $50,000 price range. Currently there are 2 properties for sale within close proximity. One is listed for $64,900 while the other has an asking price of $64,500.
Details
Single Family Home
Property Type: Residential
Property Market: Toledo
Lot Size: 6,000 sq ft
Square Footage: 725 sq ft
Bedrooms: 2
Bathrooms: 1
Car: Driveway
Property Pro-Forma Details
Monthly Rent: $700
Annual Rent: $8,400
Annual Net Return: $6,060
Cap Rate: 13%
Annual Expenses
Property Tax: $1,000
Insurance: $500
Management: $840