2155 Perth St - Apartments FOR SALE


Toledo, OH 43607- Ottawa
$1,550,000 USD
419-277-7636
2155 Perth St, Toledo, OH for Sale
$1,550,000 USD
Apartments - FOR SALE
1/3
null | 8.69% Cap Rate

2155 Perth St
Toledo, OH 43607
Ottawa


HIGHLIGHTS

  • 95% Leased
  • Approximately $174,000
  • New stoves and refrigerators
  • 2155 Perth New Roofing in 2022 and 2024

OVERVIEW

The seller acquired this property in 2022. The previous owner neglected the property and made no reinvestments. Since purchasing, the current owner has invested approximately $173,000 in improvements, including renovated units, new appliances, carpeting, and more. This presents an opportunity for a new buyer to complete the remaining upgrades and bring the building to its full potential. Seller wants to cash out- no secondary financing or land contracts.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

39

PRICE/UNIT

$39,744

CAP RATE

8.69%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Perth Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1946

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

RM36

APN/PARCEL ID

04-60617,04-60631,04-60637,04-60641,04-61094

ASK ABOUT THIS PROPERTY

Bruce SmennerDanberry RealtorsMore Info
419-277-7636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bruce SmennerDanberry RealtorsMore Info
419-277-7636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.