5 units 1 price


#1

A burned out landlord contacted me yesterday with 5 units- a duplex- each 2/1 with a house in back- a 2/1
another duplex each 2/1
2 houses each 3/1.
All rented with long time renters. All remodeled within last 7 yrs. Rents are below market rent. $2800/mo.
She wants cashed out- no sub to, no owner financing nothing fancy.
I ran comps on zillow, eppraisal and toledo home values
come out to about $180k. She wants $95k, open to an offer.
Located in east Toledo,ok neighborhood.
Advice please. Anyone want this?


#2

sounds like a buy

I know nothing about east Toledo but if rented. Looks like 3% per month gross rent return . sweet.


#3

Wow, sounds like a bargain

Wow, $2800 income, only 95K cost + the fact that it has been rehabbed 7 years ago. At first glance it looks great. Is the neighborhood ok? Are property taxes reasonable?
Those 2 questions come to mind.

How did you find it?

James