327 River Pl, Toledo, OH 43611
- $50,000
- 8
- BD
- 6,027
- SqFt
- List Price
- $50,000
- MLS#
- 10010306
- Property Type
- Multifamily
- Bedrooms
- 8
- Sqft. of Residence
- 6,027
- Lot Size
- 5,264
- Status
- ACTIVE
- County
- Lucas
- Acres
- 0.12
- Year Built
- 1923
Property Description
Special Investment opportunity just minutes from Downtown Toledo and the Maumee River! Located near the riverfront, major roadways, and downtown amenities, this value-add quadplex offers strong upside in a convenient Toledo location. Improvements include a new roof, new gutters, and drywall work in some units. The property will require a full renovation, including mechanicals, interior work, and exterior work. Comparable stabilized properties within a one-mile radius have sold between $225,000 and $245,000+. Once completed, projected market rents may support approximately $2,800 to $3,200+ per month, putting the property near or above the 1% rule—a great opportunity for an experienced investor or buyer looking for a high-upside project.
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Additional Information
- Acres
- 0.12
- Cooling
- None
- Elementary School
- Riverside
- Foundation
- Other
- Heating
- None
- High School
- Woodward
- Living Area
- 6,027
- Possession
- Close Of Escrow
- Roof
- Shingle
- School District
- Toledo
- Sewer
- Public Sewer
- Subdivision
- Stickney
- Terms
- Cash
- Utilities
- Other
- Water
- Public
- Year Built
- 1923
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Listing courtesy of Listing Agent: Dominic Row (dominicrow@danberry.com) from Listing Office: The Danberry Co.