1701 Brownstone Blvd, Toledo, OH 43614

Description

Investor opportunity in South Toledo! This well-maintained, locally owned four-unit property is 100% occupied, generating $4,200 in monthly rental income ($50,400 estimated annually), with all tenants currently on month-to-month leases. One unit has been fully renovated, and each unit offers 2 bedrooms, 1 bathroom, and a designated covered parking space in the detached carport. All units come equipped with a refrigerator, stove/oven, microwave, and dishwasher, with all appliances included in the sale. Shared laundry facilities and additional storage are located in the basement. Tenants pay their own gas and electric utilities, while owner-paid expenses include water averaging $350/month, common-area electric averaging $85/month, and annual lawn care maintenance of approximately $600. Conveniently located near Amazon's South Reynolds Road facility, restaurants, shopping, everyday amenities, and easy access to the Ohio Turnpike. A solid addition to an investment portfolio with established rental income and flexible month-to-month lease terms.