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West Toledo 4-Unit Value-Add Investment 1447 W Delaware Ave 4 Unit Apartment Building $95,000 ($23,750/Unit) 16% Cap Rate Toledo, OH 43606
Investment Highlights
- Opportunity for Rental and Operational Upside
- Attractive Opportunity for Buy-and-Hold and Value-Add Investors
- Potential to Increase NOI Through Improved Management
Executive Summary
4-Unit Multifamily Investment Opportunity – Toledo, OH
1447 W Delaware Avenue offers investors the opportunity to acquire an 4-unit multifamily property totaling approximately 7,932 SF. The property provides an attractive basis for investors seeking an income-producing asset with potential to improve operations, optimize rents, and enhance long-term value.
The property is being offered for sale as-is. Financial information, rent roll, and additional property details can be made available to qualified buyers upon request.
1447 W Delaware Avenue offers investors the opportunity to acquire an 4-unit multifamily property totaling approximately 7,932 SF. The property provides an attractive basis for investors seeking an income-producing asset with potential to improve operations, optimize rents, and enhance long-term value.
The property is being offered for sale as-is. Financial information, rent roll, and additional property details can be made available to qualified buyers upon request.
Property Facts Under Contract
| Price | $95,000 | Building Class | C |
| Price Per Unit | $23,750 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 7,932 SF |
| Cap Rate | 16% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | 10-RD6 - Duplex Residential District | ||
| Price | $95,000 |
| Price Per Unit | $23,750 |
| Sale Type | Investment |
| Cap Rate | 16% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,932 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built | 1912 |
| Opportunity Zone |
Yes |
| Zoning | 10-RD6 - Duplex Residential District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03-14341 | Improvements Assessment | $0 |
| Land Assessment | $1,785 | Total Assessment | $1,785 |
Property Taxes
Parcel Number
03-14341
Land Assessment
$1,785
Improvements Assessment
$0
Total Assessment
$1,785
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West Toledo 4-Unit Value-Add Investment | 1447 W Delaware Ave