Cheap Duplex!
3113 Scottwood Avenue, Toledo, OH
19.90% return
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Property Description


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 & Expenses

  • 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.

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