This is a rare opportunity to purchase a brick house in toledo Ohio, brick properties do not come on the market very often and when they do they usually attract a very high price. This property has three large bedrooms, a full basement and a very large front and rear garden. The property has also been updated throughout to a high standard and is Section 8 approved. The management company have a new Section 8 tenant that is moving into the property within the next two weeks.This property is managed by one of the leading Toledo property management companies.
This property is located in Southside right next to the waterfront, Southside is a great community with good local schools and great local facilities. Southside is only 2.8 miles from downtown Toledo and is also very close to Scott Park University.
• Three bedrooms.
• Section 8.
• 968 sqft built.
• 5,100 sqft lot.
• Fully managed.
• Local staff.
Purchase price: $38,000
Gross annual rental income: $8,400
Property running costs: $1,890 (Tax, insurance and management costs)
Net annual rental income: $6,510
Investment calculation - Net Income divided by Purchase price = NET ROI.