Beautifully updated inside and out, this turnkey six-unit building offers an exceptional investment opportunity with strong, consistent cash flow. Each unit has been thoughtfully renovated, creating comfortable and attractive living spaces that appeal to renters and help ensure long-term occupancy. The property is fully rented with reliable, long-term tenants already in place, providing a steady monthly income of $3,300. In addition to the building itself, the sale includes an extra lot that offers potential for future expansion, additional parking, outdoor amenities, or other value-adding possibilities. With its solid rental history, recent improvements, and added land, this property is perfectly suited for investors seeking a low-maintenance, income-producing asset with room to grow.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 0
- Full Bathrooms: 1
Interior Features
- No Interior Steps
- Flooring: Laminate, Plank
Heating and Cooling
- Heating Features: Baseboard
- Heating: Yes
Land Info
- Additional Parcels Description: Empty lot next to building included.
- Additional Parcels: Yes
- Lot Size Dimensions: 8787 (additional lot not included in number)
Garage and Parking
- Parking Features: Paved, Parking Lot
- Parking Total: 10
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 6
- Bedrooms in Unit-1: 1
- Total Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-1: 1
- Unit-1 Furnished Description: Unfurnished
- Unit 1 Total Actual Rent: 550
School Information
- Elementary School: Leverette
- High School: Woodward
- High School District: Toledo
- School District: Toledo
Rental Info
- Number of Units Leased: 6
- Tenant Pays: Cable TV, Electricity, Gas, Internet
Other Property Info
- Source Listing Status: Active
- County: Lucas
- Tax Year: 2025
- Source Property Type: Residential Income
- Owner Pays: Sewer, Water
- Parcel Number: 1105761
- Property Subtype: Apartment
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
Building and Construction
- Year Built: 1972
- Construction Materials: Aluminum Siding
- Foundation Details: Crawl Space
- Levels: Two
- Property Age: 53
- Roof: Metal
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Multi Family