$145,000
2274 Robinwood Ave, Toledo, OH 43620
Current Rent **
$2,825
Projected Rent **
$3,675
Collect $3,775/month OR MORE on this 5 Unit Apartment Building in Toledo, Ohio!
Check out this great cash flowing 5 unit property in Toledo!
This unit has three 2 bedroom/1 bath units and two 1 bedroom 1 bath units. Tenants pay gas electric and trash pick up while the owner pays for the water/sewer. The roof is only 2 years old, a new driveway was recently completed and it has hardwood flooring throughout all units. It has a hot water boiler system for radiator heat, with recent new pumps and control boards. Also, electricity has been recently updated.
It is currently 80% occupied and brings in $34,373 net operating income with 1 vacancy! Current cap rate is 17% but simply fill the vacant unit and it would jump to 23.71%!
This is a great opportunity to add cash flow to your portfolio!
Location:
2274 Robinwood Ave, Toledo, OH 43620
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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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