This property is being sold as part of an 82-unit portfolio. In place cap is 8.0%, pro forma cap is ~10.5%, NOI is $541K, 95.1% occupancy. Portfolio asking price is $6.76M. See attachment for list of all addresses. The 82-unit portfolio can also be acquired in one of five suggested sub-portfolios. The sub-portfolio including this property contains 1371 Felt, 705 Nicholas, 1508 Albert, 2050 Berdan, 4139 Walker, 323 Champion, 1441 Prouty, 1531 Freedom, 220 E. Pearl, 270 Valleywood / 1525 Kelsey (corner duplex), 44 Greenwood (duplex), 3855 Revere (duplex), and 291-295 E. Broadway (triplex) for $1.22M.
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
Utilities
- Electric: Circuit Breakers
- Sewer: Sanitary Sewer
- Electricity Available
- Electricity Connected
- Water Source: Public
Building and Construction
- Year Built: 1913
- Foundation Details: Block
- Levels: Two
- Property Age: 112
- Roof: Shingle
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Triplex
