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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%

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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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