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$149,000 / 8br - 4342ft2 - Large Brick Triplex – Toledo, OH | $149,000 | 18.5% Pro Forma Cap Rate (Toledo)

2321 Fulton St, Toledo, OH 43620

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Large Brick Triplex – Toledo, OH | $149,000 | 18.5% Pro Forma Cap Rate 1
Large Brick Triplex – Toledo, OH | $149,000 | 18.5% Pro Forma Cap Rate 1 thumbnailLarge Brick Triplex – Toledo, OH | $149,000 | 18.5% Pro Forma Cap Rate 2 thumbnailLarge Brick Triplex – Toledo, OH | $149,000 | 18.5% Pro Forma Cap Rate 3 thumbnailLarge Brick Triplex – Toledo, OH | $149,000 | 18.5% Pro Forma Cap Rate 4 thumbnailLarge Brick Triplex – Toledo, OH | $149,000 | 18.5% Pro Forma Cap Rate 5 thumbnailLarge Brick Triplex – Toledo, OH | $149,000 | 18.5% Pro Forma Cap Rate 6 thumbnail
2321 Fulton St

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8BR / 3Ba 4342ft2
duplex
no laundry on site
off-street parking

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Two units are producing rent today at 2321 Fulton St, Toledo, OH. The third unit needs roughly $8,000 in work and comes online at $1,085/month. Get all three stabilized and this 4,342 sq ft brick triplex hits an 18.5% pro forma cap rate on a $149,000 acquisition. Toledo's rental vacancy sits around 5.1%, well below the national average, and demand for 3-bedroom units in established corridors runs strong.

PROPERTY HIGHLIGHTS:
- Uniform 3 Bed / 1 Bath floor plan across all three units
- Heavy mechanicals addressed: PEX plumbing replaced, electrical panels updated, newer gas furnace and gas lines
- Brick construction for lower long-term cap-ex
- Pitched asphalt shingles (front), rubber roof (rear, replaced approx. 2 years ago)

FINANCIALS:
- Current Rent: $1,400/month
- Pro Forma Rent: $3,255/month
- Pro Forma Cap Rate: 18.5%
- Pro Forma NOI: $27,501/yr

Reply via Craigslist to ask questions or schedule a walkthrough.

post id: 7932143845

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