.(150820) Fully Occupied 12 Unit Apartment with High Cash Flow and Rent Increase Upside, Toledo, OH Sold

$249,900

Sold

Collect $4,980/month OR MORE on this
12 Unit Apartment Complex in Toledo-OH
*****Great Investment Property*****
• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?

Now you can own 12 income-producing units through one property purchase!

PRICED TO MOVE QUICKLY:  $249,900

This multifamily property offers multiple money-generating strategies:
 Great Investment Opportunity!
 Cap Rate: 13%
 100% Occupancy
 1966 Built
 Four Fortune 500 companies have Head Quarters in Toledo, OH
 Stable occupancy with opportunity for rent increases and further value creation
 Great location, only 2 min drive to University of Toledo (with an enrollment of 20,381 students/year)
 Rental Increase Upside
 Individually metered – residents pay for electricity
 Located near to Interstate I-75 allowing tenants easy access to employment, shopping and entertainment
 Excellent Professional Property Management Company available
 $33,077 NOI
 Perfect for 1031 Exchange
 No Seller Financing
 Purchase Price $249,900
For IMMEDIATE DELIVERY of the Property Package:

Option 1:  Text your name & email to 419-208-7089 and a packet will be emailed within 10 minutes

Option 2:  Dial the voice box at 419-208-7089 and speak ONLY your name & email – a packet will be emailed within 10 minutes

Property Details

Price:
$249,900
Address:
406 Burbank Dr
City:
Toledo
State:
OH
Zip Code:
43607
Terms:
For Sale
Property Type:
Apartment

Property Location