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LeParc Apartments 2144 W Sylvania Ave 27 Unit Apartment Building $1,228,000 ($45,481/Unit) 9.01% Cap Rate Toledo, OH 43613
EXECUTIVE SUMMARY
LeParc Apartments is a 27-unit brick building featuring 26 one-bedroom units and 1 efficiency (approx. 634 SF each). The property includes off-street parking, separately metered electric, stoves and refrigerators, and on-site laundry facilities. Roof and gas boiler were replaced in 2013.
Since 2021, ownership has invested over $113,000 in capital improvements, including unit renovations, new appliances, updated flooring and carpeting, HVAC replacements, roof and siding upgrades, and other enhancements.
Since 2021, ownership has invested over $113,000 in capital improvements, including unit renovations, new appliances, updated flooring and carpeting, HVAC replacements, roof and siding upgrades, and other enhancements.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,228,000 | Building Class | C |
| Price Per Unit | $45,481 | Lot Size | 0.82 AC |
| Sale Type | Investment | Building Size | 14,641 SF |
| Cap Rate | 9.01% | Average Occupancy | 93% |
| No. Units | 27 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 10-RM36 | ||
| Price | $1,228,000 |
| Price Per Unit | $45,481 |
| Sale Type | Investment |
| Cap Rate | 9.01% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 14,641 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | 10-RM36 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 27 | - | 548 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $342,615 (2024) | |
| Land Assessment | $39,900 (2024) | Total Assessment | $382,515 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$39,900 (2024)
Improvements Assessment
$342,615 (2024)
Total Assessment
$382,515 (2024)
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LeParc Apartments | 2144 W Sylvania Ave
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