Charming Duplex Investment Opportunity at 809 Bush St, Toledo, OH 43604
Offered at an attractive price of $69,500, this well-maintained duplex at 809 Bush Street in Toledo, Ohio, presents an exceptional opportunity for both seasoned investors and those looking to enter the rental property market. With two fully functioning units—each generating $725 per month in rent—the property delivers an appealing combination of affordability, strong cash flow, and recent upgrades that help minimize maintenance concerns.
Located in a convenient urban setting, the duplex is positioned near local services, schools, and transportation routes, ensuring continued tenant demand. The property features separate gas and electric utilities, giving tenants control over their own energy usage while reducing the landlord’s monthly expenses. This setup not only simplifies overall management but also makes the property more attractive to renters who value autonomy and predictable billing.
Interior Comfort and Recent Renovations
Both units have been renovated to create a bright, clean, and comfortable living environment. Fresh paint and new flooring in each unit contribute to a modern look and help reduce the new owner’s near-term turnover costs. These updates enhance the property’s appeal and set the stage for continued tenant satisfaction and occupancy stability.
Upstairs, residents benefit from three newer vinyl windows, offering improved insulation and energy efficiency. Vinyl windows are known for their durability and low maintenance requirements, making them a smart upgrade for long-term investment properties. The lower unit is even better equipped, boasting nine vinyl windows, which help keep rooms well-lit and energy costs manageable.
In total, the duplex features four bedrooms and two full bathrooms, giving each unit a desirable two-bedroom, one-bath layout. This unit size remains consistently popular, particularly among small families, couples, and single renters seeking spacious accommodations without the costs associated with larger homes.
Major Mechanical Improvements
One of the property’s most significant selling points is its roster of major recent improvements—upgrades that investors often look for to avoid unexpected repair costs. The roof, for instance, was replaced just 11 years ago in a full tear-off, ensuring reliable protection for years to come. A younger roof is a substantial value-add that reduces worry for landlords and provides confidence in the property’s structural security.
Perhaps even more appealing is the installation of a new Water King 80+ furnace in the lower unit, installed on November 1, 2024. Heating systems represent one of the largest potential expenses for rental property owners, and having a brand-new, energy-efficient furnace already in place significantly boosts this property’s long-term reliability. Investors can expect lower maintenance needs and better heating performance—two notable advantages, especially in Ohio’s colder climate.
The upper unit also offers stability from a management perspective, having secured a new tenant on November 8, 2024, under a one-year lease. This provides immediate, dependable income starting from day one.
Strong Cash Flow Potential
With both units currently renting for $725 per month, the duplex generates $1,450 in monthly gross income, making it an attractive option for anyone seeking steady rental revenue. At the list price of $69,500, the property offers a compelling return profile that is difficult to find in many other markets.
The combination of stable tenants, separate utilities, and recent updates makes this duplex a low-maintenance addition to an investor’s portfolio. Cash flow begins immediately, and the upgraded mechanical systems help safeguard monthly profits.
A Smart Investment in Toledo’s Rental Market
Whether you’re an investor expanding your portfolio or a buyer looking to step into real estate with a turnkey opportunity, 809 Bush St offers the ideal mix of condition, income, and affordability. With updated interiors, major mechanical improvements, reliable tenants, and excellent rental demand, this duplex stands out as a high-value offering in Toledo’s growing rental market.
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