240 Reynolds Rd Toledo, OH 43615-5930

Property Details for 240 Reynolds Rd

Year built

1977

Lot size

0.41 lot acres

Property size

5,000 SF

Zone code

10-CO

Property type

Office buildings

APN

20-98847

APU

2098847

Description

This exceptional investment opportunity presents a multi-tenant property located at 240 S Reynolds Road Unit 240, Toledo, OH. The property sits on a 0.41-acre lot and is currently generating substantial income from two long-term tenants. Both tenants are secured under a 247-month lease agreement, providing significant lease stability and predictable cash flow. One tenant pays a monthly rent of $3,500, inclusive of utilities, while the other pays $2,000 per month, also with utilities included. The building itself is well-maintained and in excellent condition, minimizing potential maintenance expenses and maximizing return on investment. This property offers a rare chance to acquire a stable, high-yielding investment in a desirable Toledo location. The long-term leases significantly reduce vacancy risk, making this an attractive option for investors seeking a reliable and profitable addition to their portfolio. The combined monthly rental income provides a strong foundation for a positive cash flow, making this a compelling opportunity for those seeking passive income generation. The 0.41-acre lot offers potential for future expansion or development, adding further value to this already attractive investment. This is a turnkey investment property ready for immediate income generation. Serious inquiries only.