We have fielded a ton of questions regarding this unit so we will try to give answers to the most commonly questions we have been asked
this is a multi unit commercial apartment in one of the top investment real estate markets in the country. in fact, the Wall Street journal listed Toledo, Ohio as a top 5 affordable markets in the U.S .
this is a one-of-a-kind unit even appraiser could not find any comps
This unit is already producing income & will bring in 10-15% return on your investment annually
all units rent on a 1 yr lease
generate over $60,000 plus per year annually in rental income ($5000 per month)
great investment!! there are not too many investments that are near risk free where you can reap approximately 10-15% guaranteed monthly returns on your investment beginning the month you make this purchase
the owner has owned this property since 2001, nearly 25 years, and this is not a desperate fire sell
we will only sell if the offered price is right.
the owner is also aware that
a. the median sq footage price in Toledo, Ohio is $109 per sq ft.
this unit is being offered for $92.56 per sq ft
b. every 4 unit or more that has generated at least $3000 per month in rent within the last year has sold for at least $400k. this unit will generate $5000
please do not call to
1.
ask to list with a broker; the owners are not interested in listing with a broker / agent- but we are open to working with a buyers agent
2.
no owner financing will be considered over 2 years. If owner financing is considered buyer will need over 60% of purchase price as a down payment & the remaining amount would have to be paid within 24 months or risk forfeiting their down payment. I have to say this because someone asked us would we be willing to do a 50 yr owner financing and someone else asked about 20 yr owner financing
3.
Respectfully, please do not call to give a low-ball offer or ask the buyer the lowest they will take. Unit is listed for $545k.
Therefore, you know the asking price ($545). therefore it's your job to make a reasonable offer
So please make your first offer your best offer
because that may be the only offer you get to make
Furthermore, we're not going to go back & forth arguing about what we want
we don't care about how many properties or deals you have or made in the past
we don't care about what price another property is selling for
none of that has anything to do with us or what we want
and nothing anyone says is going to talk us out of what we are looking for
Many people have asked why hasn't this property sold is something wrong with it
Nothing is wrong with this unit other than its only being sold by owner and there are no agent or broker involved and it's not on the MLS. Which is where approximately where 84% of agents show properties to potential property buyers
We have had conversations with many people. Some have been distasteful and disrespectful by individuals who do not have the ability or intent to purchase this unit and have offered stupid low offers. so to weed out these conversations.
1. We need need proof of funds to indulge in deeper conversations
I hope that we pre-answered most questions possible
we hate to have to be so bold and blunt however respectfully fielding all calls has led to a lot of disrespectful offers and comments. therefore its just time to weed out the garden.
last but not least thank you for considering our property and we hope to hear from you soon.
For sale by owner
$545,000
2324 Putnam St, Toledo, OH 43620
7beds
5,884sqft
Est.:
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$93/sqft
$-- HOA
Overview
What the owner loves about this home
This is a unique one of a kind unit that cant be remade
they do not make these properties any more
Therefore you will never see a unit comparable to this unit anywhere else
each apartment is different from each other
all units include refrigerator and stoves
- 236 days
- on Zillow |
- 575 |
- 11 |
Listed by:
(567) 260-0022
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Gas
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: None
Features
- Flooring: Carpet, Hardwood, Linoleum / Vinyl
Interior area
- Total interior livable area: 5,884 sqft
Property
Parking
- Parking features: On-street
Features
- Exterior features: Wood
Details
- Parcel number: 1329277
Construction
Type & style
- Home type: Apartment
Condition
- New construction: No
Community & HOA
Location
- Region: Toledo
Financial & listing details
- Price per square foot: $93/sqft
- Date on market: 12/29/2024
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