318 Wasaon St, Toledo, OH 43609
- $140,000
- 4
- BD
- 3,027
- SqFt
- List Price
- $140,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 58
- Price Change
- ▼ $20,000 1781282641
- MLS#
- 10008462
- Subtype
- Residential Income
- Year Built
- 1882
- Bedrooms
- 4
- Living Area
- 3,027
- Lot Size
- 3,685
- Acres
- 0.09
- Subdivision
- Knowers
Property Description
Investor Special! Cash-flowing 4-unit property with immediate upside potential. 3 of the 4 units are currently occupied, generating $2,025 per month in rental income, with the vacant unit previously being rented for $700 per month. At full occupancy, projected gross rents are estimated between $2,800-$3,000 per month. Each unit is equipped with mini-split systems providing both heating and cooling. The property offers a strong opportunity for investors seeking current income with room to increase returns. Tenants pay their own electric, there is no gas bill, while the owner is responsible for water, helping keep operating expenses manageable. Property appraised for $175,000 in 2024. Please do not disturb tenants. 24-hour notice required for showings.
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Additional Information
- Interior Features
- Other
- Flooring
- Carpet, Vinyl, Linoleum
- Appliances
- Electric Oven, Electric Range, Refrigerator
- Heating
- Mini Split, Natural Gas
- Air Conditioning
- Mini Split
- Roof
- Shingle
- Foundation
- Block, Combination
- Parking Features
- On Street
- School District
- Toledo
- Elementary School
- Marshall Stemm Academy
- High School
- Scott
Listing courtesy of Listing Agent: Raliat Williams (raliat.realtor@gmail.com) from Listing Office: Serenity Realty LLC.