This property is being sold as part of an 46-unit portfolio or a 12-unit sub-portfolio. In place cap is ~8.5%, pro forma cap is ~11.0%, and occupancy is 100%. Asking price for the 46-unit portfolio is $3.57M and asking price for the 5-unit sub-portfolio is $672K. The sub-portfolio includes 1441 Prouty, 4139 Walker, 291-295 E Broadway, 1371 Felt St, 1525 Kelsey Ave / 270 Valleywood, 1531 Freedom, and 44 Greenwood. The entire 46-unit list can be found in the attachments. Property is occupied and photos are from the last time it was vacant.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 0
- Full Bathrooms: 3
Appliances
Other Rooms
Heating and Cooling
- Heating Features: Forced Air, Natural Gas
- Heating: Yes
Land Info
- Corner Lot
- Lot Size Acres: 0.2025
- Lot Size Dimensions: 8,820
- Lot Size Square Feet: 8821
Garage and Parking
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 3
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-3: 1
- Half Bathrooms in Unit-1: 0
- Half Bathrooms in Unit-2: 0
- Half Bathrooms in Unit-3: 0
- Unit-1 Description: 291
- Unit-2 Description: 293
- Unit-3 Description: 295
School Information
- Elementary School: Raymer
- High School: Waite
- High School District: Toledo
- School District: Toledo
Rental Info
- Tenant Pays: Electricity, Gas
Other Property Info
- Source Listing Status: Active
- County: Lucas
- Directions: Please see attached property directory.
- Tax Year: 2023
- Source Property Type: Residential Income
- Source Neighborhood: Kelsey Addn.
- Owner Pays: Water
- Parcel Number: 09-02344
- Postal Code Plus 4: 1771
- Subdivision: Kelsey Addn.
- Property Subtype: Apartment
Building and Construction
- Total Square Feet Living: 3432
- Year Built: 1913
- Foundation Details: Block
- Levels: Two
- Property Age: 113
- Roof: Shingle
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Triplex
Utilities
- Electric: Circuit Breakers
- Sewer: Sanitary Sewer
- Electricity Available
- Electricity Connected
- Water Source: Public
