2289 Upton Ave - Apartments FOR SALE


Toledo, OH 43606- Ottawa
$469,000 USD
2289 Upton Ave, Toledo, OH for Sale
$469,000 USD
Apartments - FOR SALE
1/16
null | 10% Cap Rate

2289 Upton Ave
Toledo, OH 43606
Ottawa


HIGHLIGHTS

  • Value add
  • Forced Apprication

OVERVIEW

This is the value add opportunity you've been waiting for. You will be all into this deal for 73.1% of the stabilized value based on comps. This will also allow you to be $0 into the deal at refinance. A perfect BRRRR. Comparable approach value: $950,000 (comps attached here) Income approach value: $1,120,000 Rehab estimate: $250,000 Purchase price: $469,000 Equity once project is finished based on comps: $231,000. Agents, if you bring us a buyer we will pay your commission / fee. The walk though on the property will be the week of 4/10. Please reach out if you'd like to be invited. Crub offer will be accepted prior.

FOR SALE DETAILS

PRICE

$469,000 USD

PRICE/SF

$33 USD /SF

# OF UNITS

19

PRICE/UNIT

$24,684

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ottawa Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,441 SF

ZONING

10-RM36

APN/PARCEL ID

13-10494

ASK ABOUT THIS PROPERTY

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