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336 Batavia St
Toledo, OH 43620
Multifamily Property For Sale
·
12 Units
Investment Highlights
- 12 one-bedroom units with potential for a 13th efficiency unit.
- Separate gas and electric meters for each unit, enhancing operational efficiency.
- Located near Old West End and Downtown Toledo with convenient access to major streets.
- Numerous updates including HVAC, water heaters, and electrical systems.
- Coin-operated laundry on-site managed by a third-party vendor.
- Current gross monthly rental income of approximately $7,500 with upside potential.
Executive Summary
The Claravon Building at 336 Batavia Street presents a 12-unit apartment building with a potential 13th efficiency unit, located near Toledo’s Old West End and Downtown. Built in 1924, this three-story brick structure sits on a 0.23-acre lot and offers a mix of historic character and modern updates. The property features a rubber membrane roof, updated electrical panels (100 amps), separate gas and electric meters for each unit, and a basement with mechanical systems and laundry facilities.
The building comprises twelve one-bedroom, one-bath units, with numerous updates including HVAC, water heaters, cosmetic improvements, and appliances. Current gross rental income is approximately $7,500 per month, with upside potential as rents remain below market. Additional amenities include coin-operated laundry (via third-party vendor) and fire suppression in the basement.
Situated in a multi-family zoning district (10-RM 36), the property benefits from proximity to major roadways, employment centers, and cultural attractions. With a strong rental base and opportunities for value-add improvements, this asset offers investors a stable income stream and long-term growth potential in a well-established neighborhood.
The building comprises twelve one-bedroom, one-bath units, with numerous updates including HVAC, water heaters, cosmetic improvements, and appliances. Current gross rental income is approximately $7,500 per month, with upside potential as rents remain below market. Additional amenities include coin-operated laundry (via third-party vendor) and fire suppression in the basement.
Situated in a multi-family zoning district (10-RM 36), the property benefits from proximity to major roadways, employment centers, and cultural attractions. With a strong rental base and opportunities for value-add improvements, this asset offers investors a stable income stream and long-term growth potential in a well-established neighborhood.
Property Facts
| Price Per Unit | $41,583 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 11,396 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 10-RM36 - Residential | ||
| Price Per Unit | $41,583 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 11,396 SF |
| No. Stories | 3 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | 10-RM36 - Residential |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 949 |
Property Taxes
| Parcel Number | 10-07347 | Improvements Assessment | $108,815 |
| Land Assessment | $3,185 | Total Assessment | $112,000 |
Property Taxes
Parcel Number
10-07347
Land Assessment
$3,185
Improvements Assessment
$108,815
Total Assessment
$112,000
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