451 5th St, Toledo, OH 43605
- $85,900
- 3
- BD
- 1,758
- SqFt
- List Price
- $85,900
- Price Change
- ▼ $4,099 1784748145
- MLS#
- 6135976
- Property Type
- Multifamily
- Bedrooms
- 3
- Sqft. of Residence
- 1,758
- Lot Size
- 3,267
- Status
- ACTIVE
- County
- Lucas
- Acres
- 0.08
- Year Built
- 1879
Property Description
Cash buyers only! Value-add triplex with strong upside potential. Unit #3 is fully renovated (2025) and leased at $550/month expires April 2027. The two lower units are vacant, partially updated, and require a light-to-moderate turn. Projected stabilized gross rent of approximately $1,700/month when fully occupied. Main roof over the upper unit replaced in Summer 2024. Separately metered electric (tenant-paid); water is shared among tenants (33% each). Remaining value-add work includes completing approximately half of the exterior siding, porch repairs, and turning the lower units.
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Additional Information
- Acres
- 0.08
- Cooling
- None
- Elementary School
- Navarre
- Heating
- Electric, Radiant
- High School
- Waite
- Living Area
- 1,758
- Possession
- Negotiable
- Roof
- Shingle
- School District
- Toledo
- Sewer
- Sewer
- Terms
- Cash
- Water
- Public
- Year Built
- 1879
Mortgage Calculator
Listing courtesy of Listing Agent: Keyana Sade Grace (keyanagrace@howardhanna.com) from Listing Office: Howard Hanna.