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Turnkey 8 Unit Multifamily 765 Howland Ave 8 Unit Apartment Building $339,999 ($42,500/Unit) Toledo, OH 43605
Investment Highlights
- Turnkey 8-Unit Multifamily – Stabilized income-producing property with multiple units under one roof, ideal for hands-off ownership.
- Low-Maintenance Asset – Professionally maintained building with in-place tenants, minimizing deferred maintenance and operational headaches.
- Strong Cash Flow at an Attractive Basis – Priced well below replacement cost, offering immediate yield with long-term upside in a solid Toledo rental
Executive Summary
Property Highlights
8 Updated Residential Units
Each unit has been recently refreshed with modern finishes, durable flooring, updated kitchens, upgraded bathrooms, and efficient lighting.
Extensive Renovations Completed
Renovation scope includes interior upgrades, mechanical improvements, exterior enhancements, and overall modernization to reduce ongoing maintenance.
Strong Rental Market
Located in a desirable Toledo residential area with consistent tenant demand and strong cash-flow potential.
Stable, Easy-to-Manage Asset
Building layout and recent updates help minimize repair expenses and streamline management.
Ideal for Long-Term Hold or Portfolio Expansion
8 Updated Residential Units
Each unit has been recently refreshed with modern finishes, durable flooring, updated kitchens, upgraded bathrooms, and efficient lighting.
Extensive Renovations Completed
Renovation scope includes interior upgrades, mechanical improvements, exterior enhancements, and overall modernization to reduce ongoing maintenance.
Strong Rental Market
Located in a desirable Toledo residential area with consistent tenant demand and strong cash-flow potential.
Stable, Easy-to-Manage Asset
Building layout and recent updates help minimize repair expenses and streamline management.
Ideal for Long-Term Hold or Portfolio Expansion
Property Facts
| Price | $339,999 | Building Class | C |
| Price Per Unit | $42,500 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 5,208 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2.3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-36 - RM36 - Multi-Dwelling Residential - 36 units per acre | ||
| Price | $339,999 |
| Price Per Unit | $42,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 5,208 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | RM-36 - RM36 - Multi-Dwelling Residential - 36 units per acre |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
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Property Taxes
| Parcel Number | 11-00134 | Improvements Assessment | $125,160 |
| Land Assessment | $8,750 | Total Assessment | $133,910 |
Property Taxes
Parcel Number
11-00134
Land Assessment
$8,750
Improvements Assessment
$125,160
Total Assessment
$133,910
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Turnkey 8 Unit Multifamily | 765 Howland Ave
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