2618 Collingwood Blvd 5 Unit Apartment Building $265,000 ($53,000/Unit) Toledo, OH 43610

2618 Collingwood Blvd presents an opportunity to acquire a 5-unit multifamily investment property in Toledo, Ohio, offering immediate income with substantial value-add potential. This historic apartment building provides investors with the ability to increase net operating income through strategic unit renovations, operational improvements, and rent optimization while benefiting from consistent demand for workforce housing in the Toledo market.
Situated on approximately 0.31 acres in a centrally located neighborhood, the property offers convenient access to Downtown Toledo, major employers, healthcare facilities, higher education institutions, public transportation, and retail amenities. Its location continues to support strong tenant demand and long-term rental stability.
Whether you're seeking to expand an existing multifamily portfolio or acquire your next value-add investment, 2618 Collingwood Blvd offers multiple exit strategies, including long-term hold, refinance after stabilization, or resale following improvements. With immediate cash flow, upside through increased NOI, and an attractive basis relative to replacement cost, this asset represents a compelling opportunity for both experienced and first-time multifamily investors.