All Forum Posts by: Brendon Grey

Investment Opportunity Toledo Ohio

Overview:

• 8 Single-Family Homes located in Toledo, OH
• 7 of 8 units currently rented with long-term Section 8 tenants
• 1 vacant unit ready for immediate placement to increase cash flow

Financials:

• Total Annual Rental Income (currently): $99,072
• Estimated Cap Rate: 13%
• Asking Price: $835,000
• Earnest Money Deposit: $4,000 (due upon signing)
• Buyer to pay customary closing costs

Property Condition:

• Recently remodeled properties
• Minimal repairs needed
• Sold as-is with access provided for inspections and walkthroughs

Closing Terms:

• Close within 15 days or less
• Title and closing to be handled through Louisville Title in Toledo, OH
• Clear title to be delivered at closing
• Purchase agreement is assignable

Section 8 Details:

• Rental payments are government-backed through Section 8
• Upon closing, buyer will submit Change of Ownership forms to the Housing Authority to continue receiving rental payments directly
• No interruptions expected with tenants or payment streams

Addresses of the Properties:

• Chicago St, Toledo, OH 43611
• Parkside Blvd, Toledo, OH 43607
• Parkside Blvd, Toledo, OH 43607
• Talbot St, Toledo, OH 43613
• Wyndhurst Rd, Toledo, OH 43607
• Secor Rd, Toledo, OH 43606
• Berkeley Dr, Toledo, OH 43613
• Commonwealth Ave, Toledo, OH 43612

Next Steps:

If you would like to move forward, I can send you the purchase agreement and supporting documents including rent rolls and available property photos.

We will coordinate access for any additional inspections you may require.Please let me know if you have any other questions or would like to schedule a call to discuss further.Looking forward to hearing from you.

Brendon Grey

Aquisitions Manager

[email protected]

916-510-4442