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Updated over 2 years ago on . Most recent reply

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Luka Jozic
  • New to Real Estate
66
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116
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Help with deciding on off market deal

Luka Jozic
  • New to Real Estate
Posted

Hello everyone, an agent I've been working with has an off market deal that she is selling that she told me about before listing it. The address is 1460 Goodale Ave in 43606 and its a 4x1 at 1880 sqft. The property is huge and in great condition: new windows, roof, watertank, furnace and really only needs some paint. Hardwood throughout, kitchen and bathroom are not outdated but also not new, id say they're about average. It also has central air/AC. It has the potential to make a 5th bedroom and even a half bath.

Now, I know this area isn't the best. She recently rented a 3x1 at 1200 sqft for $1500 at Douglas Rd and Central and believes that since this property is bigger and better condition, we should be able to get at least $1300 but hopefully $1400. I understand this is very high rent for Toledo and rentometer or active listings don't support that high of a rent especially in that area. Asking price is $75K and at that price I really need it to rent at AT LEAST $1200 to make sense. So what do you guys think, go or no go?

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3
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1
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David I.
  • Investor
  • Pennsylvania
1
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3
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David I.
  • Investor
  • Pennsylvania
Replied

This map is extremely helpful!  Thanks, Mike.

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