Do Real Estate on the Go!
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Do Real Estate on the Go!
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$85,900
3 Beds
- -- Bath
1,758sqft
451 5Th St, Toledo, OH 43605
$85,900
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Apartment
Built in 1879
$-- HOA
0.07 acre lot
$49/sq.ft
Description
Cash buyers only! Value-add triplex with strong upside potential. Unit #3 is fully renovated (2025) and leased at $550/month expires April 2027. The two lower units are vacant, partially updated, and require a light-to-moderate turn. Projected stabilized gross rent of approximately $1,700/month when fully occupied. Main roof over the upper unit replaced in Summer 2024. Separately metered electric (tenant-paid); water is shared among tenants (33% each). Remaining value-add work includes completing approximately half of the exterior siding, porch repairs, and turning the lower units.
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1879
HOA Fees
-
Finished Area
1,758 sqft
Lot Size
0.07 acre lot
Basement Area
- sqft
MLS Name
Northwest Ohio Real Estate Information System (NORIS), Maumee, OH
MLS Number
6135976
MLS Status
Active
Days on Market
311
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