Property Description

Toledo Triplex Offering Strong Income, Recent Improvements, and Owner-Occupant Potential. This spacious Toledo triplex offers a strong combination of in-place rental income, recent capital improvements, and additional upside. The two main units are approximately 1,500 sq. ft. each, providing generous layouts and strong rental appeal. The upper unit is currently leased at $1,190/month through 4/30/2027 and features new LVP flooring in the kitchen, professionally re-stained hardwood floors, updated fixtures, and fresh paint. The lower unit is leased at $750/month through 12/31/2026, providing immediate income for the next owner. The middle unit is currently vacant and features newer LVP flooring and fresh paint, requiring only minor touch-ups. Previously rented for $1,215/month, the unit provides flexibility for the next owner to establish a new tenant at market rent or utilize the space for personal occupancy. Additional income is generated through the property's on-site coin laundry, averaging approximately $150 per collection. Major improvements completed in 2024 by the previous owner include a new roof and gutters, new electrical panels, and a new boiler. With two units already producing rental income and a third unit available, this property presents an attractive opportunity for both investors and owner-occupants looking to offset their housing expenses while building equity. Live in one unit, generate income from the others, and take advantage of the property's existing improvements and future rental upside.

Property Features

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