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1401 W Central Ave 5 Unit Apartment Building $250,000 ($50,000/Unit) 8% Cap Rate Toledo, OH 43606
Investment Highlights
- New roof installed in 2021
- Parking in the front and rear of builidng
- Near Toledo Hospital, Dana, and University of Toledo
Property Facts
| Price | $250,000 | Building Class | C |
| Price Per Unit | $50,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 8% | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM36 - Designed to accommodate the development of multi-unit housing, such as apartment buildings or condominiums. | ||
| Price | $250,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM36 - Designed to accommodate the development of multi-unit housing, such as apartment buildings or condominiums. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Property Taxes
| Parcel Number | 16-34267 | Improvements Assessment | $44,240 |
| Land Assessment | $3,395 | Total Assessment | $47,635 |
Property Taxes
Parcel Number
16-34267
Land Assessment
$3,395
Improvements Assessment
$44,240
Total Assessment
$47,635
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1401 W Central Ave
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