5537 Glenridge Dr - Apartments FOR SALE


Toledo, OH 43614
$480,000 USD
419-680-7663
5537 Glenridge Dr, Toledo, OH for Sale
$480,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

5537 Glenridge Dr
Toledo, OH 43614


HIGHLIGHTS

  • The landlord pays for water, and tenants are responsible for separate utilities (gas and electric).
  • Great South Toledo location in a quiet neighborhood.
  • Easy access to Reynolds Road, Heatherdowns Boulevard, and the Ohio Turnpike.
  • Tenants have access to a carport.

OVERVIEW

5537 Glenridge Drive is home to a six-unit multifamily building on a 0.4-acre cul-de-sac lot. The apartment building was originally constructed in 1986 and has undergone recent developments, updating the majority of the six units. Each tenant has access to a covered carport and in-unit washer and dryer hookups. It is conveniently located off Toledo’s Interstate 80 and 90 interchange, making getting around the suburbs of the metro a breeze. This investment opportunity asset saw a total net operating income (NOI) of nearly $32,000 in 2024, and it serves as a stabilized asset catering to renter demand in the area.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

6

PRICE/UNIT

$80,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

RM, Toledo

APN/PARCEL ID

07-70591

ASK ABOUT THIS PROPERTY

Rob KeleghanSignature AssociatesMore Info
419-680-7663

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Rob KeleghanSignature AssociatesMore Info
419-680-7663

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