Great opportunity to own a 10-unit apartment complex in prime Toledo location! Situated on Douglas Road near shopping, dining, The University of Toledo and major highways, this property offers excellent accessibility to the area. This complex features 4 - 2 Townhouse style apartments, 4 - 2 Bedroom Ranch style apartments, 2 - 1 Bedroom ranch style apartments. All units have 1 bathroom. The roofs are 7 years, the exterior is brick and the windows are vinyl replacements. Ample off street parking is provided.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 0
- Full Bathrooms: 3
Appliances
Heating and Cooling
- Cooling Features: Wall Unit(s)
- Heating Features: Forced Air, Natural Gas
- Heating: Yes
Interior Features
Land Info
- Lot Size Acres: 0.42
- Lot Size Dimensions: 78 x 236
- Lot Size Square Feet: 1829520
Garage and Parking
- Parking Features: Asphalt, Driveway, Parking Lot
- Parking Total: 16
Multi-Unit Info
- Number of Buildings: 2
- Number of Units: 10
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 1
- 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 Furnished Description: Unfurnished
- Unit 1 Total Actual Rent: 3380
- Unit 2 Total Actual Rent: 3280
- Unit 3 Total Actual Rent: 1190
Rental Info
- Gross Scheduled Income: 89286
- Number of Units Leased: 7
- Tenant Pays: Electricity, Gas
School Information
- High School: Whitmer
- High School District: Washington Local
- School District: Washington Local
Other Property Info
- Source Listing Status: Active
- County: Lucas
- Directions: Between Tremainsville and W Alexis
- Source Property Type: Residential Income
- Owner Pays: Sewer, Trash Collection, Water, Insurance, Snow Removal, Taxes, Lawn Care
- Parcel Number: 23-42397
- Township: Washington
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 51387
- Operating Expense: 37899
Utilities
- Electric: Circuit Breakers
- Sewer: Sanitary Sewer
- Water Source: Public
Building and Construction
- Year Built: 1965
- Construction Materials: Aluminum Siding, Brick, Steel Siding
- Foundation Details: Crawl Space
- Living Area Source: Public Records
- Property Age: 60
- Roof: Shingle
- Building Total Stories: 2
