A Prime Investment Opportunity on Glendale Avenue: Income, Potential, and an Ideal Setting
Nestled along a convenient stretch of South Toledo, 1820 Glendale Avenue presents an exceptional opportunity for investors or owner-occupants looking to combine immediate rental income with the freedom to add value. Priced at $179,900, this inviting duplex promises both stability and possibility—an uncommon pairing in today’s market.
Set just steps away from the river, the property enjoys a rare feeling of openness and calm, enhanced by the peaceful front-yard view of the water. It’s a backdrop that elevates the everyday experience for residents and adds a desirable edge for long-term rental appeal.
The surrounding area only strengthens the property’s allure. Glendale Avenue sits at the heart of South Toledo’s most accessible corridors, placing parks, trails, and neighborhood amenities conveniently within reach.
Whether it’s weekend recreation, easy commuting, or quick trips to shopping and dining, this location blends natural charm with urban efficiency. Residents appreciate the balance—close enough to the action, but far enough to enjoy a quieter residential setting.
The duplex itself offers two units, each with its own character and potential. The front unit, already updated and currently leased at $810 per month, provides immediate, turnkey income. Its thoughtful finishes and maintained condition mean fewer surprises, fewer expenses, and a dependable revenue source right from day one. For investors looking to step into a property with a portion of the work already completed, this unit is a strong foundation.
The rear unit, now vacant, represents the other half of the property’s value equation. It stands as a blank canvas, ready for a fresh start and modern updates. For those with vision—whether an experienced renovator or a first-time investor—this unit offers the chance to transform the space to meet contemporary expectations.
From new flooring and paint to kitchen and bathroom enhancements, every choice becomes an opportunity to elevate the property’s long-term earning power. Completing these improvements not only increases rental income but also positions the duplex competitively in Toledo’s growing rental market.
Behind the scenes, the duplex benefits from solid mechanical upgrades that minimize near-term capital costs. Both furnaces were replaced within the last two years, offering peace of mind and reducing the risk of major system expenses.
These improvements are a significant advantage for any buyer, especially when evaluating long-term investment performance. With the structural fundamentals already in place, new owners can confidently focus on cosmetic and interior updates rather than major system replacements.
The property features four total bedrooms and two full bathrooms, providing functional layouts for both units. Practicality extends into the outdoor setup as well, with parking for four vehicles, including uncovered driveway spaces that offer easy accessibility for residents and guests.
The lot itself further enhances the property’s appeal, offering room to enjoy the outdoors while maintaining low-maintenance expectations.
For investors seeking strategic flexibility, this duplex offers multiple paths forward. Lease both units for maximum income, renovate and rent the vacant unit at today’s market rate, or choose to live in one unit while renting the other to offset your mortgage. Each scenario is viable and financially compelling, thanks to the property’s location, existing updates, and long-term potential.
Showings are available for the rear (vacant) unit immediately, with showings for the front (occupied) unit available upon accepted offer. This ensures respectful coordination with current tenants while allowing prospective buyers to fully explore the unit that’s ready for transformation.
1820 Glendale Avenue is more than just a duplex—it’s a rare chance to step into a property that delivers immediate returns and future potential in equal measure. With its river-view setting, updated systems, dependable income, and room to build value, it stands out as one of South Toledo’s most promising opportunities.
Whether you’re a seasoned investor or someone stepping into multifamily ownership for the first time, this property offers the right balance of comfort, creativity, and return on investment.
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FROM ZILLOW