240 Reynolds RdToledo, OH 43615

For Sale
$239,000

High-Yield, Two-Tenant Property in Toledo, OH

Overview

Added:
Feb 3
Days on market:
39
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.

Property Details for 240 Reynolds Rd

Property type
Other commercial real estate
Year Built
1977
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.63498
Longitude
-83.66487
240 Reynolds Rd, Toledo, Ohio

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240 Reynolds Rd
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