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4855 Wickford Dr E 4 Unit Apartment Building $700,000 ($175,000/Unit) 6.83% Cap Rate Sylvania, OH 43560
Investment Highlights
- In Unit Laundry Hookups
- Refrigerator, Microwave, Dishwasher, Stove/Oven per Unit
- Walk-out basement patio
- Individually Metered Units
Executive Summary
8,400 SF multifamily property for sale in the heart of Sylvania, Ohio. Comprised of two 2,200 SF 3 bed 1.5 bath units and two 2,000 SF 2 bed 1 bath units. Fully occupied with all tenants currently on month-to-month leases. Located 1.5 miles from US-23 South interchange and just southwest of Toledo Flower Hospital.
Available individually or as part of a multi-asset portfolio. No showings until an offer is accepted. Offers due Friday, May 22. Please include signed Lead Paint Disclosure and Residential Seller Property Disclosure forms with your offer.
Available individually or as part of a multi-asset portfolio. No showings until an offer is accepted. Offers due Friday, May 22. Please include signed Lead Paint Disclosure and Residential Seller Property Disclosure forms with your offer.
Property Facts
| Price | $700,000 | Building Class | B |
| Price Per Unit | $175,000 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 8,400 SF |
| Cap Rate | 6.83% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2026 |
| Property Subtype | Apartment | Parking Ratio | 0.95/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Multiple Dwelling Medium Density District | ||
| Price | $700,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 8,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2026 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | R-3 - Multiple Dwelling Medium Density District |
Amenities
Site Amenities
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $932.50 | 2,200 |
| 3+1.5 | 2 | $1,045 | 2,200 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82-30477 | Improvements Assessment | $37,135 |
| Land Assessment | $12,495 | Total Assessment | $49,630 |
Property Taxes
Parcel Number
82-30477
Land Assessment
$12,495
Improvements Assessment
$37,135
Total Assessment
$49,630
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