Toledo OH 43605
Asking Price
$45,000
ARV Estimate
$125,000
Est. Spread
+$80,000
Beds
3
Baths
1
Square Footage
1,199 sqft
Property Type
Single Family
Year Built
1922
Lot Size
3,789 sq ft
About This Property
Investors — here's an opportunity for those looking for a full-gut renovation project in Toledo! This boarded-up property has been abandoned for years and will require extensive rehabilitation from the ground up. Bring your contractor and vision to transform this property into a potential rental or resale investment.
PHOTOS COMING SOON!
PROPERTY HIGHLIGHTS
3 Bedrooms / 1 Bathroom
Approximately 1,199 SF
Built in 1922
Brick foundation
Unfinished basement (basement square footage not included in the living area)
Boarded-up property
PROPERTY CONDITION – FULL REHAB REQUIRED
Complete gut renovation needed
Full electrical rewiring/replacement needed
No active electrical service
Doors and window entryways need to be re-boarded and secured
Property has been abandoned and boarded up since approximately 2014
Past reports of squatter activity
Interior condition and potential hidden damage are unknown
Significant cleanout and rehabilitation required
Call/Text Laith (856) 804-1576 to lock it in
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.
Deal Calculator
Estimated Net Profit
-$781,009
ROI: -87.1%·Cash-on-Cash: -90.7%
Project Breakdown
- Sale Price (ARV)
- $125,000
- Purchase Price
- $45,000
- Rehab Budget
- $849,999
- Interest (12%, 4 mo)
- $1,440
- Points (2%)
- $720
- Closing Costs (3%)
- $1,350
- Selling Costs (6%)
- $7,500
- Total Cash Required
- $861,069
- Net Profit
- -$781,009
Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.
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