Terrific investment opportunity! This 22-unit apartment complex is located on highly visible Secor Rd., offering convenient access to shopping, dining, The University of Toledo and major highways. The property features a mix of 2 bedroom, 1 bathroom units. The exteriors are all brick, with newer roofs and vinyl replacement windows. This building also features a laundry room available for the tenants use and ample off street parking. HVAC in units 1-15 only.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 0
- Full Bathrooms: 2
Appliances
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Electric, Forced Air, Natural Gas, Radiant
- Heating: Yes
Interior Features
Land Info
- Lot Size Acres: 1.07
- Lot Size Dimensions: 101 x 466
- Lot Size Square Feet: 46609
Garage and Parking
- Parking Features: Asphalt, Driveway, Parking Lot
- Parking Total: 33
Multi-Unit Info
- Number of Buildings: 4
- Number of Units: 22
- Bedrooms in Unit-1: 2
- 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 Total Actual Rent: 13885
- Unit 2 Total Actual Rent: 4100
Rental Info
- Gross Scheduled Income: 204066
- Number of Units Leased: 16
- Tenant Pays: Electricity, Gas
School Information
- High School: Whitmer
- High School District: Washington Local
- Middle School: Jefferson
- School District: Washington Local
Other Property Info
- Source Listing Status: Active
- County: Lucas
- Directions: On Secor Rd., between Laskey and McGregor on the West side of the road.
- Tax Year: 2025
- Source Property Type: Residential Income
- Owner Pays: Sewer, Trash Collection, Water, Insurance, Snow Removal, Taxes, Lawn Care
- Parcel Number: 23-36221
- Township: Washington
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 108579
- Operating Expense: 95487
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
- Property Age: 60
- Roof: Shingle
- Building Total Stories: 2
