Investor’s Dream – Affordable 3-Bedroom Home in Toledo, OH
Asking Price: $45,000
📍 Address: 1410 Yates St, Toledo, OH 43608
🏠 Home Type: Single-Family
🛏 Bedrooms: 3
🛁 Bathrooms: 1
📐 Interior Space: 1,138 sqft
🌳 Lot Size: 3,310 sqft
Key Investment Highlights:
- ARV (After Repair Value): $60,000–$65,000
- Current Rent: $900/month (Month-to-Month lease)
- Market Rents: $1,000/month
- HUD FMR (Fair Market Rent): $1,300/month
Property Features:
- Year Built: 1908 – Timeless design with room for updates.
- HVAC System: Installed just 2 years ago for efficient heating and cooling.
- Roof: Approximately 10 years old, providing peace of mind for years to come.
- Heating: Forced air for reliable comfort.
- Parking: Off-street and on-street options available.
- Exterior: Durable metal siding for low maintenance.
- Foundation: Crawl/Raised foundation ensures solid support.
Why This Property?
- Immediate rental income with current tenant paying $900/month.
- Flexibility with a Month-to-Month lease structure.
- Strong upside potential with ARV and rental increases.
- Opportunity to increase cash flow to $1,000/month or capitalize on HUD Fair Market Rent of $1,300/month.
- Updated HVAC system and a durable roof reduce immediate capital expenses.
The tenant is typically home in the evenings, making it convenient for showings.
Don’t miss out on this affordable investment opportunity in Toledo!