23 Bed Commercial For Sale in Lucas County America | PA463-collingwood

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  • Price £94,599
  • Number of Beds 23
  • Location Toledo, Ohio, America
  • Property Type Commercial
  • Swimming Pool No
  • Listing Type For Sale
  • Property Reference PA463-collingwood

Property Description

OHIO. Tenanted block of 8 apartments.

3343 Collingwood Boulevard, Toledo, Ohio represents an excellent opportunity to acquire a corner block of 8 apartments offered for sale in very good condition.

This solid all brick investment property has been the subject of many improvements in recent years. All units have newer vinyl windows, updated electric and plumbing and separate utilities.

The property is located in the popular 'Old West End' district which enjoys high ongoing rental demand.

Built in 1922, the block totals 7,344 square feet on a lot of 6,577 square feet and comprises 7 three bedroom apartments and 1 two bedroom apartment.

5 of the apartments are already tenanted and new tenants are lined up to move in to the other 3 prior to the closing of the sale in the next couple of weeks to ensure a fantastic income from day one.

This opportunity is priced to sell now so please register your interest as soon as possible.

A Home Inspection report containing numerous photos is available on request.

FINANCIAL ANALYSIS:

Sales Price: $148,000

Estimated Closing Costs: $1,500

Agency Fee: $2,500

TOTAL CAPITAL OUTLAY: $152,000

ANNUAL RENTAL INCOME: $37,800

OUTGOINGS:

Property Taxes: $2,500

Insurance: $3,000 (Estimated - may well be lower)

Property Management: $3,213

Water: $2,800

Maintenance: $1,500

Vacancy: $1,500

TOTAL OUTGOINGS: $14,513

NET ANNUAL INCOME: $23,287

This represents a fantastic genuine net yield of 15.36% per annum.

Please contact us for further information or to request a reservation form as this great opportunity will not be available for long.

Approximate Property Location

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