MULTI-FAMILY AUCTION! Min bid $100,000. Bidding has started and will end on Dec. 18th at 4pm EST. An exceptional multi-family investment opportunity! This rare auction features five professionally managed apartment buildings, each offering 8 units for a total of 40 units in one convenient West Toledo location. These properties have a strong 93% occupancy rate (37 of 40 units currently rented) and are highly sought-after by investors seeking stable income and portfolio growth. Each building ranges from 6,000 to 7,000 square feet, featuring a mix of 1- and 2-bedroom units sized from approximately 620+/- to 870+/- square feet. Many units have been remodeled, adding to their long-term appeal and rentability. . Buyers may request a complete due diligence packet including interior photos of every unit, full rent rolls, current rents and deposits, rental history, and copies of all leases-ready to transfer seamlessly at closing. This is a rare chance to buy one building or all five-a true investor's dream! Offers will be accepted prior to the auction, so don't wait to secure one of Toledo's most in-demand multi-family portfolios.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 0
- Full Bathrooms: 2
Interior Features
- Eat-in Kitchen
- Flooring: Carpet, Laminate
Appliances
- Electric Range
- Refrigerator
- Laundry Features: Accessible Utilities or Laundry, Coin Laundry
Heating and Cooling
- Cooling Features: Window Unit(s)
- Heating Features: Baseboard, Electric
- Heating: Yes
Land Info
- Level
- Lot Size Acres: 0.5221
- Lot Size Dimensions: 113 x 220
- Lot Size Square Feet: 22743
Garage and Parking
- Parking Features: Parking Lot
- Parking Total: 12
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 8
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Half Bathrooms in Unit-1: 0
- Half Bathrooms in Unit-2: 0
- Unit-1 Furnished Description: Unfurnished
- Unit-1 Square Feet: 620
- Unit-2 Square Feet: 870
- Unit 1 Total Actual Rent: 595
- Unit 2 Total Actual Rent: 725
School Information
- Elementary School: Meadowvale
- High School: Whitmer
- High School District: Washington Local
- School District: Washington Local
Rental Info
- Number of Units Leased: 8
- Tenant Pays: Cable TV, Electricity, Internet
- Security Deposit: 3930
Amenities and Community Features
- Community Features: Curbs, Sidewalks
Other Property Info
- Source Listing Status: Active
- County: Lucas
- Directions: Off of Jackman near Old State Line Rd
- Tax Year: 2024
- Source Property Type: Residential Income
- Source Neighborhood: Brooke Park
- Owner Pays: Sewer, Water, Insurance, Management, Snow Removal, Taxes, Lawn Care
- Parcel Number: 2310404
- Subdivision: Brooke Park
- Zoning: 401C
- Property Subtype: Apartment
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Cable Available
- Electricity Connected
- Sewer Connected
- Water Connected
- Internet Available
- Water Source: Public
Building and Construction
- Year Built: 1971
- Construction Materials: Brick, Wood Siding
- Foundation Details: Crawl Space
- Levels: Two
- Living Area Source: Public Records
- Property Age: 54
- Roof: Shingle
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Multi Family
