4910-4914 Douglas Rd | Toledo, OH 43613
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- LoopNet Team
4910-4914 Douglas Rd
Toledo, OH 43613
Douglas Place · Multifamily Property For Sale
·
30 Units
INVESTMENT HIGHLIGHTS
- Value-add opportunity for new ownership by implementing new management strategies to reduce vacancy.
- Over a 10 YR Hold, new ownership can achieve a 17.50% IRR, 3.64x Equity Multiple, and a yearly Cash on Cash return of 12.18%.
- Douglas Place Apartments is conveniently located near the local retail corridors, employment centers, and schools.
- Within a three-mile radius, the Housing Affordability Index comes in at 207, suggesting the surrounding population is not rent-burdened.
- Prime location 3.5 miles to the University of Toledo at the six-way intersection of W Laskey Road, Douglas Road, and Tremainsville Road.
PROPERTY FACTS
| No. Units | 30 | Lot Size | 0.84 AC |
| Property Type | Multifamily | Building Size | 14,457 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1971 |
| Building Class | C | Parking Ratio | 3.11/1,000 SF |
| Zoning | CR - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc. | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 14,457 SF |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 3.11/1,000 SF |
| Zoning | CR - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc. |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $294,910 | |
| Land Assessment | $16,170 | Total Assessment | $311,080 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$16,170
Improvements Assessment
$294,910
Total Assessment
$311,080
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