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Inverness Manor 4760 Dorr St 24 Unit Apartment Building $1,284,000 ($53,500/Unit) 7.42% Cap Rate Toledo, OH 43615
EXECUTIVE SUMMARY
Inverness Manor is a 24-unit, all-brick apartment community located on Dorr Street, just west of Reynolds Road in Toledo. The property consists of one building with flat and shingle roofs and offers a mix of 23 one-bedroom units and 1 efficiency unit. Each apartment includes a stove and refrigerator, with off-street parking provided for residents. Tenants pay their own electric.
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 | $1,284,000 | Building Class | C |
| Price Per Unit | $53,500 | Lot Size | 0.77 AC |
| Sale Type | Investment | Building Size | 12,981 SF |
| Cap Rate | 7.42% | Average Occupancy | 87% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 2.33/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CR - Regional Commercial | ||
| Price | $1,284,000 |
| Price Per Unit | $53,500 |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 12,981 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 2.33/1,000 SF |
| Zoning | CR - Regional Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 400 - 547 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $342,055 (2024) | |
| Land Assessment | $48,965 (2024) | Total Assessment | $391,020 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$48,965 (2024)
Improvements Assessment
$342,055 (2024)
Total Assessment
$391,020 (2024)
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Inverness Manor | 4760 Dorr St
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