🏠 3 Properties in Ohio

Gary Properties

1XXX Chase Street, Toledo, OH

ASKING PRICE: $40,000 OBO

RECENT COMPARABLES: $95,000 - $139,000

Single family residence with 3 bedrooms, 1 bath, and 1,080 square feet of living space.

Lot size 2,800 soft.

Occupancy: Tenant Occupied ($950/month; 12 month lease agreement)

Estimated repair/renovation costs:

No renovations required, turnkey property. No leaks or ceiling damage, but roof may need to be replaced within the next few years. Recently updated flooring, toilet/bathroom, plumbing, and hot water tank.

Comparables

1) 5629 310th St., Toledo, OH 43611 - $139,000 (3 bd, 1.5 bath, 1,264 sqft) - Sold 11/2022

2) 3014 121st St., Toledo, OH 43611 - $95,000 (3 bd, 1 bath, 1,066 sqft) - Sold 10/2022

3) 4310 289th St., Toledo, OH 43611 - $139,000 (3 bd, 1 bath, 999 sqft) - Sold 10/2022

1XXX Campbell Street, Toledo, OH

ASKING PRICE: $16,000 OBO

AFTER REPAIR VALUE: $120,000

Single family residence with 3 bedrooms, 1 bath, and 1,132 square feet of living space. Lot size 4,500 soft.

Occupancy: Vacant

Estimated repair/renovation costs:

Medium: $25,000 - $35,000

Needs full roof replacement, siding repair/replacement in some sections, flooring, drywall replacement, paint, kitchen, and bathroom renovations. Windows and foundation are in good condition.

Comparables

1) 1469 Belmont Ave Toledo, OH 43607 - $16,000 (3 bed/1 bath/1,259 sqft)

2) 1115 Nebraska Ave Toledo, OH 43607 - $27,500 (4 bed/1 bath/1,194 sqft)

ARV Comparables from last 60 days

1) 905 Norwood Ave, Toledo, OH 43607 (3 bed/1 bath) - Sold 10/2022 for $120,000

2) 2271 Westmonte Rd, Toledo, OH 43607 (3 bed/1 bath) - Sold 10/2022 for $100,500

3) 2037 Farnham Rd, Toledo, OH 43607 (3 bed/1 bath) - Sold 10/2022 for $83,500

After Repair Value

$120,000

Estimated Market Rent

$950 - $1,200/month

Want to make an offer?

Please text message Mike at (856) 426-1166 or email mike @mikegary.com

2XXX Putnam Street, Toledo, OH

ASKING PRICE: $40,000 OBO

AFTER REPAIR VALUE: $165,000

Multifamily unit (two units) with 6 bedrooms, 2 baths, and 2,210 square feet of living space. Lot size 7,000 soft.

Occupancy: Vacant

Estimated repair/renovation costs:

Medium: $25,000 - $35,000

Needs roof repair due to leaks/shingle replacement, flooring, drywall replacement, paint, kitchen, and bathroom renovations.

Comparables

1) 106 Melrose Ave, Toledo, OH 43610 - $40,000 (5 bed, 2 bath, 2,158 sqft)

2) 2378 Franklin Ave, Toledo, OH 43608 - $42,000 (7 bed, 2 bath, 2,460 sqft)

ARV Comparables from last 60 days

717 W Bancroft St, Toledo, OH 43620 - $165,900 (6 bed/3.5 baths) - Sold 10/2022 for $165,900

2400 Robinwood Ave, Toledo, OH 43620 (8 bed/4 baths) - Sold 10/2022 for $185,000

2137 Glenwood Ave, Toledo, OH 43620 (7 beds/2 baths) - Sold 6/2022 for $175,000

After Repair Value

$165,000

Estimated Market Rent

$1,800 - $2,400/month with both units occupied ($900 - $1,200 for each unit)

Additional Property Details

The roof has some missing shingles, some of the red brick covering the foundation needs to be repaired, and the porch could use some work although it’s not a total loss. The windows all seem to be in good condition. The kitchen in both units need to be replaced due to damage from a roof leak in the right rear. The two back rooms in both units also require ceiling replacement due to the roof leaking. Besides these rooms mentioned all other ceilings were fine. The flooring downstairs needs replacing. The basement was dry with no leaks. The upstairs unit is in better condition than the downstairs unit. The upstairs unit is also carpeted.

Want to make an offer?

Please text message Mike at 856-426-1166 or email [email protected]

Final price negotiable. If multiple offers are received, best and final will be accepted. Offer acceptance prioritized based on proof of funds.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.