Hill Avenue Apartments 4337 Hill Ave 14 Unit Apartment Building $799,999 ($57,143/Unit) 7.14% Cap Rate Toledo, OH 43607

Excellent investment opportunity to acquire a 14-unit multifamily property at 4337 Hill Ave in Toledo, Ohio. The property has undergone significant recent capital improvements, including renovations to 10 of the 14 units and a new roof completed in 2026, providing a strong foundation for continued stabilization and long-term ownership.
The property offers approximately $116,328 in annual gross potential rental income based on current scheduled rental rates. The estimated stabilized pro forma NOI is approximately $57,132, incorporating a 5% vacancy allowance and current owner-provided operating expenses, including property taxes, property management, insurance, and water.
The property offers additional upside through the lease-up and stabilization of currently vacant units. Recent renovations and major capital improvements provide an incoming investor with the opportunity to increase occupancy and maximize rental performance while benefiting from reduced near-term capital improvement requirements.
Financial metrics presented are based on stabilized pro forma operations and are not represented as historical actual performance. Historical financial statements, current rent roll, and additional property information are available to qualified buyers for independent underwriting and due diligence.
Please do not disturb tenants. Proof of funds or evidence of financing may be required prior to the release of detailed financial information and property tours.