4039 Vermaas Avenue, Toledo, OH 43612
$109,500
Property Type:
Residential Income
Square Footage:
1,512
Lot Size (sq. ft.):
5,401
Status:
Closed
Current Price:
$109,500
List Date:
11/05/2024
Last Modified:
10/14/2025
Overview
Description
Listing Details MLS# 6122792
Status Change Information
- Status Change Timestamp
- 2024-12-12
- Purchase Contract Date
- 2024-12-10
- Close Date
- 2024-12-12
- Close Price
- 109500
- Buyer Financing
- Conventional
Address
- Street Number
- 4039
- Street Name
- Vermaas
- Street Suffix
- Avenue
- County
- Lucas
- State
- OH
- Postal Code
- 43612
- Postal Code +4
- 1815
- Directions
- Sylvania to North on Vermaas
- Parcel Number
- 02-00167
Contract
- Named Exceptions YN
- No
- Original List Price
- 109900
- Listing Contract Date
- 2024-11-05
- Listing Agreement
- Exclusive Right To Sell
- Listing Service
- Full Service
- List Price/SqFt
- 72.42
- Sold Price/SqFt
- 72.42
Tax Legal
- Subdivision Name
- Bailey Heights
Interior
- Living Area
- 1512
- Basement YN
- Yes
- Basement SqFt
- 0
Parking Information
- Carport YN
- No
- Parking Total
- 4
More Information
Building
- Year Built
- 1891
- Stories Total
- 2
Lot
- Lot Size Acres
- 0.124
- Lot Size Square Feet
- 5401
- Lot Size Dimensions
- 5,400
Remarks
- Public Historical Remarks
- Lease Information: Vacant, Equipment: Range Oven, Occupied By: TENANT
- Public Remarks
- Don’t miss this exceptional investment property! The lower unit, a spacious 2-bedroom, 1-bath, is currently vacant and ready for immediate rental, previously renting at $850 per month. The upper unit, a 1-bedroom, is currently occupied, bringing in $715 monthly. Total potential rental income is $1,600+ per month. With a complete interior remodel in 2023, this duplex is an ideal addition to any portfolio.
Income and Expenses
- Total Actual Rent
- 715
- Net Operating Income
- 0
Unit Details
- Number Of Units Leased
- Yes
Unit One
- Unit Type Description
- Lower
- Unit Type Beds Total
- 2
- Unit Type Number of Full Baths
- Yes
- Appliances Included
- Yes
- Furnished
- Unfurnished
- Unit Type Actual Rent
- 0
Unit Two
- Unit Type Description
- Upper
- Unit Type Beds Total
- Yes
- Unit Type Number of Full Baths
- Yes
- Appliances Included
- Yes
- Furnished
- Unfurnished
- Unit Type Actual Rent
- 715
- Number of Identical Units Leased
- Yes
Tax & Legal
- School District
- Toledo
- Elementary/Primary School
- Whittier
- High School
- Start
- 6 Months General Tax
- 483.35
- 6 Months Special Assessment Tax
- 60.91
- 6 Months Total Tax
- 544.26
- Auction YN
- No
Association/Community
- Number Of Buildings
- 1
- Number Of Units Total
- 2
Appliances
- Electric Range Connection
- Yes
- Refrigerator
- Yes
- Water Heater
- Yes
Basement
- Partial
- Yes
Construction Materials
- Concrete
- Yes
Cooling
- None
- Yes
Disclosures
- Lead Based Paint Disclosure
- Yes
- Property Disclosure
- Yes
Electric
- Circuit Breakers
- Yes
Foundation Details
- Crawl Space
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Asphalt
- Yes
- Driveway
- Yes
- Other
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Shingle
- Yes
Sewer
- Sanitary Sewer
- Yes
Structure Type
- Duplex
- Yes
Water Heater
- Gas
- Yes
Water Source
- Private
- Yes
Owner Pays
- Lawn Care
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Tenant Pays
- Electricity
- Yes
- Gas
- Yes
Property Features
Appliances:
Electric Range Connection; Refrigerator; Water Heater
Basement:
Partial
Construction Materials:
Concrete
Cooling:
None
Disclosures:
Lead Based Paint Disclosure; Property Disclosure
Electric:
Circuit Breakers
Foundation Details:
Crawl Space
Heating:
Forced Air; Natural Gas
Listing Terms:
Cash; Conventional
Owner Pays:
Lawn Care; Sewer; Trash Collection; Water
Parking Features:
Asphalt; Driveway; Other
Possession:
Close Of Escrow; Subject To Tenant Rights
Roof:
Shingle
Sewer:
Sanitary Sewer
Structure Type:
Duplex
Tenant Pays:
Electricity; Gas
Water Heater:
Gas
Water Source:
Private
Listing Office:
LPG Realty
Last Updated: October - 14 - 2025
Broker Attribution:
419-308-5990
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