718 Spencer St, Toledo, OH 43609

Details: 

🛏️ Beds: 3

🛁 Baths: 2

📐 Living Area: 1,074 sq. ft

📐 Lot Size: 3,400 sq. ft

🏢 Year Built: 1920

• FIRE DAMAGE IN KITCHEN
• VACANT FOR 7 YRS 
• FOUNDATION OK
• STRUCTURE OK

CONTRACT PRICE: $8,500

EST. EXPENSES: $60,000

AFTER RENOVATION VALUE: $150,000+

EST. TOTAL PROFIT: $80,000+

Does the market support the Sales Projections?

🏘️ Comps:

#1 - 551 Nicholas St, Toledo, OH 43609 -

3 bd 1 ba - 1,152 sqft 

Sold: $105,000 - Sold on 06/07/24

#2 - 735 Ogden Ave, Toledo, OH 43609

4 bd 2 ba - 1,170 sqft 

Sold: $111,000 - Sold on 04/22/24

Exit: Assignment. Assigned to an investor for $68,000 and collected $13,000 assignment fee

Paperworks:

Purchase & Sales Contract

Assignment Agreement 

Closing Statement