Great opportunity to Buy-In at the early stages of the NEW Gateway Vistula Project! This 8 unit apartment building has SIX beautifully updated units with NEW flooring throughout, NEW ceiling fans in all rooms of each unit, NEW kitchen counters, cabinets, sinks & fixtures, NEW bath fixtures, some units have new shower units, and FRESHLY painted from top to bottom, ceilings, walls & trims! NEW boiler 2024, NEW electric panel and sub panel, 2025. Each unit is equipped with a breaker box. Ideally located close to Toledo Pickle Ball Club, Toledo Spirits and the Future Riverfront Park along the Maumee River. Building is located in a historic district; the AREA is listed on the National Register of Historic Places since 1978.
Property Features
Appliances
- Gas Range
- Refrigerator
- Gas Range Connection
- Laundry Features: In Basement, Coin Laundry
Bedrooms
Bathrooms
- Total Bathrooms: 0
- Full Bathrooms: 8
Interior Features
- Storage
- Wide Interior Halls and Doors
- Door Features: Storm Door(s)
- Flooring: Hardwood, Laminate, Linoleum
- Window Features: Storm Window(s)
Other Rooms
- Basement Features: Block, Unfinished
Heating and Cooling
- Cooling Features: Ceiling Fan(s)
- Heating Features: Boiler
- Heating: Yes
- Ceiling Fans: Yes
Land Info
- Additional Parcels Description: 1500263 Vacant land
- Additional Parcels: Yes
- Lot Size Acres: 0.2062
- Lot Size Dimensions: 49.5 x 165
- Lot Size Square Feet: 8984
Exterior and Lot Features
- Fencing: Chain Link
- Other Structures: Garage(s)
- Patio And Porch Features: Front Porch, Glass Enclosed Patio
- Road Frontage Type: City Street
- Road Surface Type: Asphalt
- Patio: Yes
- Porch: Yes
Garage and Parking
- Garage Spaces: 4
- Parking Features: Accessible Parking, Detached Garage, Parking Lot
- Parking Total: 6
School Information
- Elementary School: Riverside
- High School: Woodward
- High School District: Toledo
- School District: Toledo
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 8
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Bedrooms in Unit-6: 1
- Bedrooms in Unit-7: 1
- Bedrooms in Unit-8: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Total Bathrooms in Unit-7: 1
- Total Bathrooms in Unit-8: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-3: 1
- Full Bathrooms in Unit-4: 1
- Full Bathrooms in Unit-5: 1
- Full Bathrooms in Unit-6: 1
- Full Bathrooms in Unit-7: 1
- Full Bathrooms in Unit-8: 1
- Half Bathrooms in Unit-1: 0
- Half Bathrooms in Unit-2: 0
- Half Bathrooms in Unit-3: 0
- Half Bathrooms in Unit-4: 0
- Half Bathrooms in Unit-5: 0
- Half Bathrooms in Unit-6: 0
- Half Bathrooms in Unit-7: 0
- Half Bathrooms in Unit-8: 0
- Unit-1 Description: Renovated with new kitchen cabinets, counters, sinks, flooring and fixtures! Bathrooms updated with flooring, paint and fixtures. All new flooring throughout, ceiling fans in every room, and freshly painted top to bottom, ceilings, walls, trim and cabinets!
- Unit-2 Description: Renovated with new kitchen cabinets, counters, sinks, flooring and fixtures! Bathrooms updated with flooring, paint and fixtures. All new flooring throughout, ceiling fans in every room, and freshly painted top to bottom, ceilings, walls, trim and cabinets!
- Unit-3 Description: Long term tenant, did not want to be disturbed with paint and refurbishing.
- Unit-4 Description: Renovated with new kitchen cabinets, counters, sinks, flooring and fixtures! Bathrooms updated with flooring, paint and fixtures. All new flooring throughout, ceiling fans in every room, and freshly painted top to bottom, ceilings, walls, trim and cabinets!
- Unit-5 Description: Renovated with new kitchen cabinets, counters, sinks, flooring and fixtures! Bathrooms updated with flooring, paint and fixtures. All new flooring throughout, ceiling fans in every room, and freshly painted top to bottom, ceilings, walls, trim and cabinets!
- Unit-6 Description: Renovated with new kitchen cabinets, counters, sinks, flooring and fixtures! Bathrooms updated with flooring, paint and fixtures. All new flooring throughout, ceiling fans in every room, and freshly painted top to bottom, ceilings, walls, trim and cabinets!
- Unit-7 Description: Long term tenant, did not want to be disturbed with paint and refurbishing.
- Unit-8 Description: Renovated with new kitchen cabinets, counters, sinks, flooring and fixtures! Bathrooms updated with flooring, paint and fixtures. All new flooring throughout, ceiling fans in every room, and freshly painted top to bottom, ceilings, walls, trim and cabinets!
- Unit-1 Furnished Description: Unfurnished
- Unit-1 Square Feet: 500
- Unit-2 Square Feet: 500
- Unit-3 Square Feet: 500
- Unit-4 Square Feet: 500
- Unit 1 Total Actual Rent: 750
- Unit 2 Total Actual Rent: 750
- Unit 3 Total Actual Rent: 750
- Unit 4 Total Actual Rent: 750
- Unit 5 Total Actual Rent: 750
- Unit 6 Total Actual Rent: 750
- Unit 7 Total Actual Rent: 750
- Unit 8 Total Actual Rent: 750
Rental Info
- Gross Income: 73800
- Number of Units Leased: 8
- Tenant Pays: Cable TV, Internet
- Security Deposit: 6050
Homeowners Association
- Maintenance Expense: 3600
Amenities and Community Features
- Community Features: Curbs, Street Lights, Sidewalks, Pickleball
Other Property Info
- Source Listing Status: Active
- County: Lucas
- Cap Rate: 11
- Directions: Head North on Summit to Elm to North on Superior
- Tax Year: 2025
- Source Property Type: Residential Income
- Insurance Expense: 5137
- Source Neighborhood: Vistula
- Owner Pays: All Utilities, Common Area Maintenance, Electricity, Exterior Maintenance, Gas, Grounds Care, HVAC Maintenance, Repairs, Roof Maintenance, Sewer, Trash Collection, Water, Insurance, Management, Snow Removal, Taxes, Lawn Care
- Ownership Type: Standard
- Parcel Number: 15-43694
- Postal Code Plus 4: 3710
- Subdivision: Vistula
- Zoning: Commercial
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 52193
- Operating Expense: 3600
Building and Construction
- Year Built: 1927
- Construction Materials: Block, Clapboard, Frame, Wood Siding
- Foundation Details: Pillar/Post/Pier
- Levels: Two and One Half
- Living Area Source: Public Records
- Property Age: 98
- Roof: Shingle
- Levels or Stories: Two and One Half
- Building Total Stories: 3
- Structure Type: Multi Family
- Total Below Grade Area: 1
Utilities
- Electric Expense: 1936
- Sewer: Public Sewer
- Cable Available
- Electricity Available
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
- Sewer Available
- Sewer Connected
- Water Available
- Water Connected
- Water Source: Public
Home Features
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
