Toledo OH CHEAP 5 Unit – Asking $210k – ARV $365k

$215,000 • 9 Beds / 5 Baths • 6,602 SqFt
Offer Submission Deadline
  • 4+ Unit
  • 9
  • 5
  • 6602

Description

Investment Opportunity: 5-Unit Multifamily Property in Toledo, OH

:round_pushpin: Address: 2601 Cherry St, Toledo, OH 43608

 :heavy_dollar_sign: Asking Price: $210,000


Property Overview:

 Seize the opportunity to own a cash-flowing 5-unit property located in a convenient and established area of Toledo. This multifamily building features:

  • Four (4) 2-bedroom, 1-bath units renting for $650–$725 each
  • One (1) 1-bedroom, 1-bath basement unit renting for $420
  • Total Building Size: 6,602 SqFt
  • Heating: Gas
  • Sewer & Water: Municipal
  • Garage: Brick Detached Garage (Extra Income!)
  • Single Building2 stories


Highlights:

 :white_check_mark: Affordable entry point at just $42,000 per unit

 :white_check_mark: Stable rental income with room to increase rents

 :white_check_mark: Centrally located near amenities, public transportation, and downtown Toledo

 :white_check_mark: Well-maintained with municipal utilities

 :white_check_mark: Comps nearby, such as 2160 Glenwood Ave, support strong multifamily demand in the area



Projected Financial Snapshot:

  • Monthly Gross Rent (Projected):  $4,350
  • Annual Gross Rent: Approx. $52,200
  • Great upside potential with minor cosmetic updates and rent increases.

:telephone_receiver: Contact us today to schedule a walkthrough or request additional financials.

 This is a turnkey investment perfect for both seasoned investors and those looking to enter the multifamily space at an accessible price point!

Estimated Spread

  • ARV $365,000
  • Price $210,000
  • Spread $155,000

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