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4044 W Bancroft St 8 Unit Apartment Building $875,000 ($109,375/Unit) 8.32% Cap Rate Toledo, OH 43606
Investment Highlights
- Resident designated, covered parking spaces with remote door openers
- Front and rear building access, with elevator service to all floors as well as interior mail delivery/service
- In suite washer/dryer hookups or designated basement level hookups with additional resident storage space
- Controlled building access system
Executive Summary
Rare opportunity to acquire an exceptional 8-suite apartment building in the highly sought-after Village of Ottawa Hills. Suite mix consists of six spacious two-bedroom, two-and-a-half-bath suites, one two-bedroom, two-bath suite, and one two-bedroom, one-bath suite, offering broad appeal to a variety of resident profiles. Prominently positioned along West Bancroft Street providing connectivity to Downtown Toledo, The University of Toledo, major medical employment hubs, and surrounding retail and lifestyle amenities. Its premier location within the Ottawa Hills trade area supports strong and stable long-term tenant demand from residents seeking an upscale living environment with immediate access to daily conveniences, key employment centers, and major regional transportation corridors
Property Facts Under Contract
| Price | $875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $109,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.65 AC |
| Cap Rate | 8.32% | Building Size | 17,464 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Zoning | 12-B3 | ||
| Price | $875,000 |
| Price Per Unit | $109,375 |
| Sale Type | Investment |
| Cap Rate | 8.32% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 17,464 SF |
| No. Stories | 3 |
| Year Built | 1961 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | 12-B3 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 88-07867 | Improvements Assessment | $227,955 |
| Land Assessment | $24,325 | Total Assessment | $252,280 |
Property Taxes
Parcel Number
88-07867
Land Assessment
$24,325
Improvements Assessment
$227,955
Total Assessment
$252,280
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