440 5th St, Toledo, OH 43605

Strong, cash-flowing triplex that performs from day one. This property features three layouts including a 3 bed / 1 bath first-floor unit (1,344 sq ft), along with two second-floor units consisting of a 2 bed / 1 bath and a 1 bed / 1 bath—appealing to a wide range of tenants. Currently generating $2,447/month in rental income, this is a fully operational asset priced to deliver a 12%+ cap rate and a 1.8% price-to-rent ratio. The numbers already make sense as-is, offering immediate return without the need for heavy lifting. Recent updates include newer vinyl windows, updated furnaces and hot water heaters, and glass block basement windows for added durability and reduced maintenance. All units include appliances that stay. A clean, stabilized investment with strong in-place returns and additional upside for those looking to optimize—this is the type of property that works now and gets better over time.