Turnkey 8-unit apartment building with all units renovated. Major improvements include a roof approximately 10 years old, vinyl replacement windows throughout, and new balconies installed within the last 5 years. All furnaces have been replaced within the last 6 years, and 4 of the 8 hot water tanks are new, reducing near-term capital expenses. The property has currently 6 units leased with 2 vacant units in the process of being turned. Tenants are already lined up for the vacant units, allowing for quick stabilization. The entire building is electric, which is paid by tenants, owner pays common area electric (roughly $120/month). Fire extinguishers were inspected, serviced, or replaced in 2024. There is additional value-add potential through updating the common hallways, offering further upside. Well-maintained, stabilized asset with strong rental demand.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 0
- Full Bathrooms: 8
Appliances
- Dryer
- Electric Oven
- Refrigerator
- Washer
- Water Heater
- Laundry Features: In Basement
Other Rooms
- Basement Features: Block, Interior Entry, Partial, Sump Pump
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
- Heating: Yes
Interior Features
- Flooring: Carpet, Luxury Vinyl, Tile
Exterior and Lot Features
- Balcony
- Fencing: Chain Link
- Patio And Porch Features: Front Patio, Rear Patio
- Patio: Yes
Land Info
- Cul-De-Sac
- Irregular Lot
- Landscaped
- Near Golf Course
- Lot Size Dimensions: 49" frontage. 30,255 square feet. 0.6946 Acres
Garage and Parking
- Parking Features: Asphalt, Accessible Parking, Parking Lot
- Parking Total: 12
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 8
- Bedrooms in Unit-1: 2
- 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
School Information
- Elementary School: Meadowvale
- High School: Whitmer
- High School District: Washington Local
- School District: Washington Local
Homeowners Association
- Pets Allowed: Cats OK, Dogs OK
- Cats Allowed: Yes
- Dogs Allowed: Yes
Rental Info
- Number of Units Leased: 6
- Tenant Pays: Electricity
- Security Deposit: 850
Amenities and Community Features
- Community Features: Curbs, Sidewalks
Other Property Info
- Source Listing Status: Active
- County: Lucas
- Tax Year: 2024
- Source Property Type: Residential Income
- Source Neighborhood: Brooke Park
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Sewer, Trash Collection, Water, Insurance, Snow Removal, Taxes, Lawn Care
- Parcel Number: 23-10527
- Postal Code Plus 4: 4195
- Subdivision: Brooke Park
- Property Subtype: Apartment
Building and Construction
- Total Square Feet Living: 7400
- Year Built: 1973
- Construction Materials: Aluminum Siding, Brick
- Foundation Details: Block
- Levels: Two
- Property Age: 53
- Roof: Shingle
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Multi Family
Utilities
- Sewer: Public Sewer
- Electricity Available
- Water Available
- Internet Available
- Water Source: Public
Home Features
- Other Equipment: Sump Pump
- Security Features: Security System
