4910-4914 Douglas Rd - Apartments FOR SALE


Toledo, OH 43613- DeVeaux
$1,230,000 USD
419-277-7636
4910-4914 Douglas Rd, Toledo, OH for Sale
$1,230,000 USD
Apartments - FOR SALE
1/11
null | 8.8% Cap Rate

4910-4914 Douglas Rd
Toledo, OH 43613
DeVeaux


HIGHLIGHTS

  • 95% Leased
  • New refrigerators, stoves and A/Cs in many units.
  • Multiple updates in 2022 including parking lot, hot water system and flooring in common areas
  • Approximately $213,000 in recent updates and improvements

OVERVIEW

The seller acquired this property in 2021. The previous owner neglected the property and made no reinvestments. Since purchasing, the current owner has invested approximately $212,000 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

$1,230,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

29

PRICE/UNIT

$42,414

CAP RATE

8.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Douglas Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

58

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,734 SF

ZONING

CR

APN/PARCEL ID

22-09511,22-09514,22-09521

ASK ABOUT THIS PROPERTY

Bruce SmennerDanberry RealtorsMore Info
419-277-7636

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Bruce SmennerDanberry RealtorsMore Info
419-277-7636

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