424 Southview Dr, Toledo, OH 43609

Property Description

Seller accepted a sight unseen pre-auction offer. Online & On-Site Auction! This is an exceptional investment opportunity to acquire one, two, three, or all four of these turnkey residential rental properties located in a strong rental market. All four homes feature well-maintained 3-bedroom, 1-bathroom layouts with updated interiors and are currently tenant occupied with long-term renters who wish to remain, providing immediate and consistent cash flow from day one. Current rental income includes 419 Southview Dr. at $1,150/month, 424 Southview Dr. at $875/month, 425 Southview Dr. at $900/month, and 523 S. Westwood Ave. at $875/month. These properties offer solid income-producing potential for both seasoned investors and those looking to expand their portfolio. The portfolio includes 523 S. Westwood Ave. (full basement, central air), 424 and 425 Southview Dr. (detached garages, central air), and 419 Southview Dr. (slab foundation). The auction will take place on June 11th at 4:00 PM, with preview and registration opening on-site at 2:00 PM. Each property will be sold individually with a minimum opening bid of $49,000 and will sell to the highest bidder over that amount. Terms include a 10% buyer's premium added to the final bid to determine the total purchase price and a non-refundable $5,000 deposit per property required on the day of the auction. Do not miss this rare "Caravan Style" auction event—an outstanding opportunity to purchase multiple income-producing properties in one afternoon with built-in rental income already in place!