Off Market Duplex 19% Cap Right Alongside the Maimee River!

  • Commercial Space
    1670 ft2
    bedroom 0 Bedrooms
    bathroom 0 Baths
  • Flip/Rental
    $73,200
    Status : Available
    Year Built : 1904
 Description
$73.2k

ARV $130k

CAP 19%

Duplex:3bd/1ba - vacant, was rented at $700/mo

1bd/1ba - vacant, was rented at $400/mo

1670 sqft 0.09 acres/ 3800 sqft

Frame exterior

Built in 1904

Needs just minor touch ups, 1-3k estimate to be rent ready.

Property is right alongside the Maimee river and is near churches, schools, tons of stores and cafes, Walbridge park, The Toledo Zoo, The Maimee River yacht club and the toledo sailing club!
 Rehab Work Needed
  • Bathroom
  • Bedroom
  • Kitchen
  • Paint Interior
 General Amenities
 Distance
 Tags
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 Summary

Overview
Off Market Duplex 19% Cap Right Alongside the Maimee River! Flip/Rental
$73,200
Property ID: OH191114957
Address: Login to View
City: Toledo
State/Province: OH
Zip Code: 43614
Country: USA


Rental Analysis

+ Purchase Price: $73,200
+ Purchase Closing Cost: $2,196
+ Rehab Cost: $3,000
Total Acquisition Cost: $78,396


Monthly Rent: $1,100
+ Annual Potential Rent: $13,200
- Vacancy (3%): $396
Annual Gross Income: $12,804
Annual Gross ROI: 16.33%


Flip Analysis

+ Purchase Price: $73,200
+ Purchase Closing Cost: $2,196
+ Rehab Cost: $3,000
Total Acquisition Cost: $78,396


+ Selling closing cost: $3,900
+ Agent Commision : $3,900
Total Holding Cost: $7,800


Total Flip Cost: $86,196
Projected ARV: $130,000
Net Income (Profit): $43,804
CAP Rate: 50.82%

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