Property Description

Toledo triplex offering the perfect blend of immediate cash flow and value-add potential! This spacious property features two main units offering approximately 1,500 sq. ft. each, providing generous layouts and strong rental appeal. The upper unit has been renovated with new LVP flooring in the kitchen, professionally re-stained hardwood floors, new fixtures throughout, and fresh paint. Two renovated units are occupied with long-term leases in place, including the lower unit, which has been occupied by a long-term caretaker tenant. The basement unit is rented at $750/month through 12/31/2026, while the upper unit is rented at $1,190/month through 4/30/2027. The middle unit features newer LVP flooring and paint and is vacant, needing touch-ups, giving the next owner the opportunity to lease at today's market rent (previously rented for $1,215/month) or owner-occupy. Additional income is generated through on-site coin laundry, averaging approximately $150 per collection. Major capital improvements completed in 2024 by the previous owner include a new roof & gutters, new electrical panels, and a new boiler. Whether you're looking to expand your portfolio or secure a quality income-producing asset with upside, this property offers strong in-place income with room to increase returns.

Property Features

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