Off Market Fixer – 5 Bed with Strong Upside// 43607

5 Beds / 1 Baths • 1,301 SqFt
Offer Submission Deadline
  • Single Family House
  • 5
  • 1
  • 1896
  • 1301
  • No Garage

Description

Asking $30,000 OBO // Click inquire to receive the property address.

This is a true investor special with major upside for experienced rehabbers. The property offers 1,301 sq ft with a 5-bedroom, 1-bath layout, making it a strong candidate for a high cash-flow rental or flip once fully renovated.

The home is vacant and mostly cleared out, giving you immediate access to start your project.

Property Highlights:

  • 5 bedrooms, 1 bathroom
  • 1,301 sq ft
  • Spacious layout with living room, separate dining room, kitchen, and first-floor laundry
  • Basement with prior foundation work and dry lock treatment
  • Glass block basement windows
  • Vacant – easy access
  • No garage

Condition – Major Rehab Required:

This is not a light cosmetic deal. The property needs significant work and is best suited for experienced investors.

  • Roof is severely compromised and caving in (full replacement required)
  • Furnace needs replacement
  • Bathroom has structural wood damage under the toilet
  • Active leaks have caused plaster damage on stair areas
  • Remaining updates throughout are cosmetic but will require full renovation

Additional Notes:

  • Half basement
  • Some belongings remain and will need to be cleared
  • No garage or additional structures

Investment Opportunity:

Deals like this are where margins are made. With the right renovation plan, this property can be transformed into a high-value asset. The 5-bedroom layout gives flexibility for resale or strong rental income potential.

Comparable Sales (ARV Support)

Recent sales on Norwood Avenue and surrounding streets support a strong after-repair value in the ~$120,000+ range for renovated properties.

  • 1449 Norwood Ave, Toledo, OH – Sold for $135,000
  • 636 Norwood Ave, Toledo, OH – Sold for $120,000
  • 1463 Norwood Ave, Toledo, OH – Sold for $84,900
  • 1467 Norwood Ave, Toledo, OH – Sold for $84,900

These comps show a clear range based on condition:

  • Fully renovated homes: $120k – $135k
  • Partially updated or lower-quality finishes: $80k – $100k

Estimated Spread

  • ARV $115,000
  • Price $30,000
  • Spread $85,000