Cheap Duplex!
3113 Scottwood Avenue, Toledo, OH
16.78% return
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Property Description


Both units occupied. Located in a major city, over 600k residents in the MSA, with tons of rental demand! Very low expenses and very easy to maintain. 16.78% NET RETURN ON INVESTMENT, UNREAL IN TODAYS MARKET!!! Priced to sell quickly, call us today! 

Professional property management and financing is avaialble.

Property Information

  • Listing statusActive
  • 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 $65,000
  • Estimated rehab 1 $0
  • Total investment $65,000
  • Type Proforma
  • Gross income (annually) $14,400
  • Operating expenses (annually) $3,496
  • Net income (annually) $10,904
  • Gross return 22.15%
  • Gross income (monthly) $1,200
  • Operating expenses (monthly) $291
  • Net income (monthly) $909
  • Net return 16.78%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $600/month $7,200/year
  • Unit 2: 2 bed / 1 bath $600/month $7,200/year
  • Total $1,200/month $14,400/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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