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950 Oak St Toledo, OH 43605

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For Sale
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Three-unit property with two units leased and immediate upside.

Lot size:
0.08 Acres

Property Features for 950 Oak St

General Information

Standard status
Active
Lot size
0.08 Acres
Exterior features
Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected, Shingles
Interior features
Boiler

Building Details

Year built
1902

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Listing Contact
Jackelyn Lee
Source: Kw

Listing Agency: LPG Realty Listing Agent: Jackelyn Lee

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Toledo Triplex with Income Potential

This three-unit triplex in Toledo features two units already leased, offering immediate income potential. Each unit contains two bedrooms and one bathroom. Unit 1 is currently vacant and available for showings, presenting an opportunity for increased income. The current total rent is $1,455 per month, with Unit 2 leased at $800 per month and Unit 3 at $655 per month. The vacant unit includes recent updates such as new flooring and a handicap-accessible shower. A new roof was installed in 2018. Leasing the vacant unit will increase the income and establish cash flow. This property is suitable for both first-time multifamily buyers and experienced investors seeking cash flow.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Toledo
County
Wood
State
Ohio
Longitude
-83.5253588
Latitude
41.6324958

FAQs

What type of property is this?
Triplex - Three-unit property with two units leased and immediate upside.
Where is this triplex located?
The property is located at 950 Oak St Toledo, OH.
What are key features of this property?
This property features: - Immediate income potential with two units already leased.; - Vacant unit (Unit 1) available to show, allowing for quick lease and income boost.; - Each unit is a desirable 2 bed / 1 bath layout.
More about this property
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