5172 Ottawa River Rd, Toledo, OH 43611

5172 & 5174 Ottawa River Road, Toledo OH 43611 Probate-Estate Sale available for immediate purchase Rare flip and rehab opportunity in Point Place with separate riverfront lot included Incredible two story plus finished attic and unfinished basement, historic 1887 home, tall ceilings, original crown molding, oak floors under carpeting and an additional riverfront lot with boat dock across the street! This house is solid, has tremendous bones and an excellent location. The Good: 5 Bedrooms, 2 full baths, one on first floor, finished attic allows for additional two large bedrooms. Living room, family room, formal dining room, high ceilings, oak floors under carpeting, gorgeous original crown molding, three car detached garage, in ground pool in working order, three season sun room with river view, wall of windows in living room facing river view sunsets & huge lot. Furnace, air conditioning, water heater, electrical panel: all in great shape. Currently lived in. 2192 finished square feet Separate Riverfront lot parcel with boat dock included in purchase. The Bad: Large roof on house and garage needs immediate replacement. No leaks seen at the present, but won’t last long. The Ugly: This house has not been updated since my parents purchased it in 1978. House can be lived in to rent but to retail it, everything should be replaced. Chimney needs to be replaced or torn down, side porch needs rebuilding, one of the bedroom floors slopes, driveway needs attention and lots of stuff that no one wants, is left inside. It’s a MESS. However, if you have full rehab experience, this is a gem, a rare opportunity to turn a neglected house into a gorgeous stately home on an incredible river view corner lot. This house will not qualify for bank financing so all offers will need to be AS-IS CASH ONLY Recent comps show area prices are increasing. 2382 Ottawa River Road sold for $96/sq ft on 11-19. 5406 Ottawa River Road sold for $135/sq ft on 01-20. The starting listing price of $69,000 fits flipper formula of ARV ( $208,000 (2190SF times $95SF) times 75%) minus cost of repairs (generous $80K budget) at $76,000. The hot selling season is close, buy now, make your repairs and get it sold by June for a profit of $60K! Please park at Church, Bank or School lots on 124th Street Questions ???? please text or email : 614-395-0058 vickicannon302@gmail.com