HIGHLIGHTS
- Stable income from primarily repeat tenants, with upside potential due to slightly below market rents
- All vacant units are rent ready, allowing immediate lease-up at current market rates
- Roof replaced in 2020 with 10 years of warranty remaining
- Oversized units with 1-bedrooms at ±900 SF and 2-bedrooms at 1,269–1,585 SF
- Diverse mix of 12 one-bedroom/one-bath and 8 two- bedroom/two-bath units appeals to a broad tenant base
- Centrally located just 1 mile from Promedica’s Main Campus and 2 miles from the University of Toledo
FOR SALE DETAILS
PRICE
$1,350,000 USD
PRICE/SF
$51 USD /SF
# OF UNITS
20
PRICE/UNIT
$67,500
CAP RATE
8.74%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Saxon House
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1963
PARKING SPACES
24
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
CO
APN/PARCEL ID
08-51251
ASK ABOUT THIS PROPERTY
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567-395-1100
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567-395-1100
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