624 Bush St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
624 Bush St
4 Unit Block of Flats £118,271 (£29,568/Unit) 25% Net Initial Yield Toledo, OH 43604
Executive Summary
This spacious and updated four-unit building is an incredible investment opportunity just blocks from downtown! Built in 1887 with 4,772 sq. ft., the property features four large one-bedroom units, with two upstairs and two downstairs. Recent upgrades include a new flat roof, sump pump, updated electrical boxes, all-new water lines, and newer furnaces.
The bottom two units have been fully renovated with new LVP flooring, modern kitchen and bathroom updates, and fresh paint throughout. The exterior has also been freshly painted, enhancing the property’s curb appeal. Each unit offers tall ceilings, a formal dining room, a large living area, and spacious kitchens. Utilities are separate, with individual gas and electric meters for each unit.
With two units currently vacant, this property is perfect for owner-occupants or investors looking for rental income potential. Plus, enjoy the benefit of remarkably low annual taxes, under $500 for the entire building.
Don’t miss your chance to own a gem in a prime location near downtown amenities!
The bottom two units have been fully renovated with new LVP flooring, modern kitchen and bathroom updates, and fresh paint throughout. The exterior has also been freshly painted, enhancing the property’s curb appeal. Each unit offers tall ceilings, a formal dining room, a large living area, and spacious kitchens. Utilities are separate, with individual gas and electric meters for each unit.
With two units currently vacant, this property is perfect for owner-occupants or investors looking for rental income potential. Plus, enjoy the benefit of remarkably low annual taxes, under $500 for the entire building.
Don’t miss your chance to own a gem in a prime location near downtown amenities!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | £118,271 | Property Subtype | Apartment |
| Price Per Unit | £29,568 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 25% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 3.9 | Building Size | 4,772 SF |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1887/2024 |
| Price | £118,271 |
| Price Per Unit | £29,568 |
| Sale Type | Investment |
| Net Initial Yield | 25% |
| Gross Rent Multiplier | 3.9 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,772 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1887/2024 |
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 1,193 |
1 of 1
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 14-28054 | Improvements Assessment | £1,742 (2023) |
| Land Assessment | £1,161 (2023) | Total Assessment | £2,903 (2023) |
PROPERTY TAXES
Parcel Number
14-28054
Land Assessment
£1,161 (2023)
Improvements Assessment
£1,742 (2023)
Total Assessment
£2,903 (2023)
zoning
| Zoning Code | 10-RD6 (Zoning Code 10-RD6) |
| 10-RD6 (Zoning Code 10-RD6) |
-
Justin Spann -
Key Realty
1 of 56
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
624 Bush St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.