Cheap Duplex!

3113 Scottwood Avenue, Toledo, OH

19.90% return

SP: $69,900

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Property Description

CHEAP DUPLEX!!!

Large units!! Easily rents for $750 per unit. Needs TLC. Toledo, OH is home to over 600k residents in the MSA, with tons of rental demand! Very low expenses and very easy to maintain. 18%+ NET RETURN ON INVESTMENT, UNREAL IN TODAYS MARKET!!! Priced to sell quickly, call us today!

Professional property management and financing is available.

Property Information

Listing statusSold
Property typeMulti Family
Total units2
Total bedrooms4
Total bathrooms2
Building size2405 sq. ft.
Lot size0.1 acres
Year built1907

CountyLucas County
Subdivision
ConstructionBrick/Frame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingWindow Unit
CoolingWindow A/C

Property Financial Summary

Sale price$69,900
Estimated rehab¹$3,000
Total investment$72,900

TypeProforma
After repair value$119,900
Potential profit$47,000

Gross income (annually)$18,000
Operating expenses (annually)$3,496
Net income (annually)$14,504
Gross return24.69%

Gross income (monthly)$1,500
Operating expenses (monthly)$291
Net income (monthly)$1,209
Net return19.90%

Property Income & ExpensesMonthlyAnnual

Income

Unit 1: 2 bed / 1 bath$750/month$9,000/year
Unit 2: 2 bed / 1 bath$750/month$9,000/year
Total$1,500/month$18,000/year

Expenses

Property Taxes$83/month$996/year
Water, Sewer and Waste$100/month$1,200/year
Insurance$50/month$600/year
Maintenance reserve$58/month$700/year
Total$291/month$3,496/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.