Bought with Shayna Powder • KRCH Realty
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Key Details
Sold Price $19,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,306 sqft
Price per Sqft $8
Subdivision Sloan Ashley Bassetts
MLS Listing ID 6058027
Sold Date 12/29/20
HOA Y/N No
Year Built 1887
Lot Size 4,399 Sqft
Acres 0.101
Property Description
Quiet neighborhood at the end of a Cul De Sac. Close to major highway and downtown. The upper unit does require rehab; estimate approximately $10,000. Downstairs unit fully remodeled and has tenant. BRAND NEW roof July 2020. New furnace/cabinets in upstairs unit.
Downstairs rental income: $500/month
Upstairs rental income: $500/month (after rehab)
Even at $960 income per month ($11,520 annual income.)..16.5% ROI on a cash purchase (including the rehab cost).If you finance the purchase or do a cash-out refinance after purchase with 20% down payment, you're looking at 52% cash on cash return.
Location
State OH
County Lucas
Rooms
Basement Partial
Interior
Interior Features None
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Dirt Driveway
Garage Detached, Garage, Other
Water Access Desc Public
Roof Type Shingle
Parking Type Detached, Garage, Other
Building
Lot Description Cul-De-Sac, Rectangular Lot
Story 2
Entry Level Two
Foundation Basement
Sewer Sanitary
Water Public
Level or Stories Two
Schools
Elementary Schools Marshall
High Schools Waite
School District Toledo
Others
Tax ID 14-17484
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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