Investment Opportunity,8 houses,rent income $53,000,Asking $155,000

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Real Estate Agent with Key Realty

Good morning investors!!!!  Are you looking for an investment opportunity in the Toledo area? I currently have listed 8 rental houses in the Toledo area.  The owner of these properties is wanting to sell them in a package for $155,000.  The tax value for these houses is $209,500.  Initial contracts for the renters were 2 year contracts.  All are currently rented to people who have been in these homes for a long period of time.  The current yearly income for these properties is $53,000.  The current yearly property taxes for all the houses is currently $6,354.54.  Rents for 4 years equals $212,000.  Taxes of $25,420 for 4 years, equals $186,580. On an initial investment of $155,000, with houses rented, and taxes the same, this equals to a positive cash flow of $31,580 in 4 years. 

So you may be asking why is my client wanting to sell?  He is of age that he would like to retire and spend more time at the lake.  I don't quite blame him.

My seller does not want to upset his clients, so he is requesting no viewing of the interiors of these houses until he and the potential buyer have agreed upon a price.  I have spoken to a commercial Realtor and he said that is a pretty common practice.  Here are the exterior pictures of the 8 houses

If you would like additional information such as the addresses, features of the houses, or a tenant's rental history, you can contact me at bertspangenthal@bex.net, or you can call or text me at 419-346-1458. 

My web site is also available for you to search all your Sylvania and Toledo real estate needs.  Not to worry, no required email address to use my web site at ToledoHomesandCondos.com.  I only ask that if my site helps you, and you need to sell your house or buy a new home, you let me help.  It is what I do for a living. 

 

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Bert Spangenthal

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