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1302 Brookview Dr
Toledo, OH 43615
Swan Park I & Swan Park II · Multifamily Property For Sale
·
589 Units
PROPERTY FACTS
| No. Units | 589 | Building Size | 470,706 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2019 |
| Building Class | B | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 17.28 AC | ||
| Zoning | 10-RM36 - Multi-Family | ||
| No. Units | 589 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 17.28 AC |
| Building Size | 470,706 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2019 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | 10-RM36 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
- Instant Hot Water
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Storage Space
- Maintenance on site
- Online Services
- Individual Leases Available
ABOUT 1302 BROOKVIEW DR , TOLEDO, OH 43615
Value Add Opportunity - Swan Park offers the opportunity to create value through capital infusion and enhanced management practices. - Reposition the property to drive higher rents through investment in the property. Tax Credit Rehab Potential - Swan Park has been under the same ownership since 1988. - The current owners do not accept Section 8 vouchers for new tenants and there are only three Section 8 legacy tenants in the properties. - However, the property' s location and condition may make it a prime candidate for a tax credit rehab. Scale - The scale of the portfolio will allow for efficient operation of the property to investors who do not have an established presence in the market, as well as those who already own or manage property in northwest Ohio or southeast Michigan. - The current owners have benefited from the scale that they gained when they purchased Swan Park II in 2010. There is more potential for scale gains through staff consolidation that current owners are unable to undertake but which is available to a new owner. Swan Park is located in suburban Toledo, Ohio off of Airport Highway west of Byrne Road. The southern edge of the property is bordered by Swan Creek MetroPark providing a beautiful natural backdrop for the property. The location affords access to virtually the entire Toledo market area with a 20-minute drive. Ann Arbor, Michigan is a 30-minute drive north. The Ohio Turnpike (I-80/90) is a 10-minute drive from the property.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,114,620 | |
| Land Assessment | $269,745 | Total Assessment | $5,384,365 |
PROPERTY TAXES
