Investor’s Dream – Spacious 4-Bedroom Home in Toledo, OH
Asking Price: $45,000
📍 Address: 1419 Yates St, Toledo, OH 43608
🏠 Home Type: Single-Family
🛏 Bedrooms: 4
🛁 Bathrooms: 1
📐 Interior Space: 1,514 sqft
🌳 Lot Size: 3,310 sqft
Key Investment Highlights:
- ARV (After Repair Value): $70,000–$75,000
- Current Rent: $750/month (Section 8)
- Lease: Tenant has been in place for 10 years, with the current lease ending in April.
- Market Rent Rates: $1,300–$1,400/month
- HUD FMR 2025: $1,440/month
Property Features:
- Year Built: 1911 – Classic design with timeless appeal.
- HVAC System: Installed just 2 years ago for efficient heating and cooling.
- Roof: Approximately 10 years old, offering long-term durability.
- Heating: Forced air for year-round comfort.
- Parking: Detached garage for tenant convenience.
- Basement: Partially finished for extra storage or potential living space.
- Exterior: Wood siding adds character and curb appeal.
Why This Property?
- Long-term Section 8 tenant with stable $750/month income.
- Opportunity to increase cash flow with market rents of $1,300–$1,400/month or leverage HUD FMR 2025 of $1,440/month.
- Strong upside potential with ARV and rent adjustments.
- Low-maintenance property with recent updates, including a newer HVAC system and roof.
- Stable investment with a tenant who has occupied the property for a decade.
This spacious 4-bedroom home is a solid investment opportunity for buy-and-hold investors.