$48,000
459 & 461 White St, Toledo, OH 43605
Current Rent **
$1,075
Projected Rent **
$1,425
459 & 461 White St, Toledo 43605
459 & 461 White St., Toledo - Side by side 800sf ranches, both on crawls, one 2-bed and one 3-bed unit, with combined rent of $1,075/mo. Both rented to 10+ year tenants, 461 White rented at 575/mo and 459 White rented at 500/mo on MTM contracts. Tenants both pay electricity, gas, & $50 each toward water. Back siding on 461 White will need to be repaired, but no structural damage present. Updated electrical and plumbing throughout.
NOTE: The purchase of both properties as a single package is highly preferred!
Here's a link to photos for 459 White:
https://drive.google.com/drive/folders/18_E3ZH1J_njJWWqqzs2IrgaQxfgxby4b?usp=sharing
Here's a link to photos for 461 White:
https://drive.google.com/drive/folders/18_SjmtKY5Oo-3MapKV7gxfaAOmCRvY6V?usp=sharing
Here's a link to comps:
https://toledonoris.mlsmatrix.com/DE.asp?ID=471282734
Location:
459 & 461 White St, Toledo, OH 43605
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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