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Shaun & Megan Richardson

shaun.richardson@exprealty.com +1(419) 302-9343

Listed by David Garcia Key Realty LTD

$ 99,900

Est. payment | -/mo

5 Beds

2,758 SqFt

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$ 99,900

Est. payment | -/mo

Save Virtual Tour

5 Beds

2,758 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,758 sqft

Price per Sqft $36

MLS Listing ID 10007849

Bedrooms 5

Year Built 1907

Tax Year 2025

Lot Size 4,300 Sqft

Lot Dimensions 0.1

Property Sub-Type Triplex

Source Northwest Ohio Real Estate Information Service (NORIS)

Property Description

Investor Special - Value-Add Triplex with Strong Cash Flow Potential! Attention investors looking to expand their rental portfolio with a value-add opportunity! This triplex offers immediate income with one unit already leased at $625/month, while the remaining two vacant units provide the opportunity to significantly increase monthly cash flow. The additional units have projected rental potential of approximately $625/month for the 1-bedroom unit and $850/month for the 3-bedroom unit once updated. This is an older property with solid upside for the right investor willing to put in some work. Estimated renovation costs for the vacant units are approximately $12,000-$15,000, creating a strong opportunity to build equity and boost rental income. Property is priced approximately $30,000 below its potential after-repair value, making this an attractive investment for cash flow and long-term appreciation. (WARNING! These numbers are just estimates and you should rely on your contractors and Realtor for their professional opinion) Located in an area that may not be considered prime, but investors who understand numbers and opportunity will recognize the potential this property brings. Whether you are looking for a buy-and-hold rental, a portfolio addition, or a value-add project, this triplex deserves a look. Opportunities like this at this price point do not last long—schedule your showing today!

Location

State OH

County Lucas

Area 0.1

Rooms

Basement Block

Dining Room No

Kitchen No

Interior

Interior Features Other

Heating Forced Air

Cooling None

Flooring Carpet, Wood, Linoleum

Equipment Yes

Appliance None

Laundry None

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Garage Description 2.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Shingle

Total Parking Spaces 2

Garage Yes

Building

Lot Description Other

Story 2

Foundation Block

Sewer Public Sewer

Schools

Elementary Schools Navarre

Middle Schools None

High Schools Waite

School District Toledo

Others

Tax ID 10-07551

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/toledo/10007849

Nearby Locations

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Shaun & Megan Richardson

REALTOR® | Lic# 2016001186 | Lic# 2024004146

shaun.richardson@exprealty.com

+1(419) 302-9343

545 Metro Pl S, Dublin, OH, 43017

39 Garfield PL Toledo, OH 43605

Shaun & Megan Richardson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

39 Garfield PL