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.
Sales Price: $148,000
Estimated Closing Costs: $1,500
Agency Fee: $2,500
TOTAL CAPITAL OUTLAY: $152,000
ANNUAL RENTAL INCOME: $37,800
Property Taxes: $2,500
Insurance: $3,000 (Estimated - may well be lower)
Property Management: $3,213
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.