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724 Clark St, Toledo, OH 43605

Single Family / 3 Bedroom(s) / 1 Bath(s)

Property Status:  Not Available | $37,200.00 (Wholesale) | 

Property Photos
724 Clark St (Image - 1)
724 Clark St (Image - 2)
724 Clark St (Image - 3)
724 Clark St (Image - 4)
724 Clark St (Image - 5)

Great Rental Opportunity !!

Property Status:
Not Available | $37,200.00 (Wholesale)
Contact Info
The Sixth Connect, LLC
(301) 917-9798

Request To See This Property
Property Details:
Single Family / 3 BR / 1 BA
Property Style:
2-Story
Year Built:
1907
Finished Sq Ft:
1,424
Basement:
Unfinished Basement
Owner / Agent:
Wholesale
Property Features:
Deck
Porch
Fenced Yard
Property Description:

Single Family Home (zoned as duplex)

Great rehab project for rental income - All interior plumbing replaced in 2023; Updated electrical; Original furnace; Roof in good condition (no leaks); New hot water tank needed; Windows need updates; Vacant, off-market SFH.

BUY & HOLD ANALYSIS

Asking: $37,200
Rehab estimate: $30k (verified contractor quote)
ARV: $105k

Gross annual rents: $16,200
Net annual profit: $12,960
Purchase cap: 44%
CoC return: 19%

COMPS

557 Viking St - $106k July
729 Utah St - $41k July
630 Oak St - $66k July


Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Mid-Atlantic Real Estate Investors Association is not responsible nor will be held liable for the property or the information listed here.

Mid-Atlantic Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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