1026 Wamba Avenue, Toledo, OH 43607 (MLS# 6082381)

1026 Wamba Avenue, Toledo, OH 43607

$3,000,000

Virtual Tour

https://www.propertypanorama.com/instaview/toledo/6082381

Property Type: Residential Income Square Footage: 48,240 Lot Size (sq. ft.): 96,703 Status: Closed

Current Price: $3,000,000 List Date: 1/31/2022 Last Modified: 10/14/2025

Overview

Description

ALSO KNOWN AS 1035 N WESTWOOD AVE. 42 Unit student housing adjacent to University of Toledo Campus. All are 3 bedroom units, 960 sq ft. per unit. 4 units are fully furnished and rented via Air BNB or short term tenants.

Listing Details MLS# 6082381

Listing Information

Property Sub Type: Apartment

Status Change Information

Price Change Timestamp: 2022-02-01T22:53:51Z
Status Change Timestamp: 2022-10-14
Purchase Contract Date: 2022-10-07
Close Date: 2022-10-14
Close Price: 3000000
Buyer Financing: Conventional

Address

Street Number: 1026
Street Name: Wamba
Street Suffix: Avenue
County: Lucas
State: OH
Postal Code: 43607
Directions: Dorr St. to Westwood, then South one block. Destination on left.
Parcel Number: 20-97827

Contract

Named Exceptions YN: No
Original List Price: 3175000
Listing Contract Date: 2022-01-31
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 62.19
Sold Price/SqFt: 62.19

Interior

Living Area: 48240
Living Area Source: Public Records
Basement SqFt: 0

Parking Information

Carport YN: No
Parking Total: 126

More Information

Building

New Construction YN: No
Year Built: 2003
Year Built Source: Estimated
Stories Total: 3

Lot

Lot Size Acres: 2.22
Lot Size Square Feet: 96703
Lot Size Dimensions: 262 x 313

Remarks

Public Historical Remarks: Tenant Expense: Cable/Satellite, Lease Information: Leased, Miscellaneous: Common Entry,, Equipment: Range Oven, Occupied By: TENANT
Public Remarks: ALSO KNOWN AS 1035 N WESTWOOD AVE. 42 Unit student housing adjacent to University of Toledo Campus. All are 3 bedroom units, 960 sq ft. per unit. 4 units are fully furnished and rented via Air BNB or short term tenants.

Income and Expenses

Gross Scheduled Income: 416000
Net Operating Income: 212000
Operating Expense: 204000
Total Actual Rent: 0

Unit One

Unit Type Description: Unit 1
Unit Type Beds Total: 3
Unit Type Number of Full Baths: Yes
SqFt per Unit: 960
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 0

Unit Two

Unit Type Description: Unit 2
Unit Type Beds Total: 3
Unit Type Number of Full Baths: Yes
SqFt per Unit: 1023
Appliances Included: No
Furnished: Unfurnished
Unit Type Actual Rent: 0

Showing Information

Showing Instructions: SHOWINGTIME. Appointment with listing agent.

Tax & Legal

School District: Toledo
Elementary/Primary School: Other
High School: Start
6 Months General Tax: 38143.7
6 Months Special Assessment Tax: 924.16
6 Months Total Tax: 39067.86
Tax Lot: 15-20 41-45
Zoning: Commercial
Auction YN: No

Association/Community

Number Of Buildings: 2
Number Of Units Total: 43

Utilities

Cable Connected: Yes

Appliances

Dishwasher: Yes
Electric Range Connection: Yes
Microwave: Yes
Refrigerator: Yes
Water Heater: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Door Features

Door Screen(s): Yes

Electric

Circuit Breakers: Yes

Flooring

Carpet: Yes

Foundation Details

Crawl Space: Yes

Heating

Electric: Yes
Forced Air: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Asphalt: Yes
Driveway: Yes
Parking Lot: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Sanitary Sewer: Yes

Special Listing Conditions

Corporate Owned: Yes

Water Heater

Electric: Yes

Water Source

Public: Yes

Window Features

Screens: Yes

Income Includes

Laundry: Yes

Lease Term Options

Month To Month: Yes
9 Months: Yes

Owner Pays

Electricity: Yes
Insurance: Yes
Lawn Care: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Electricity: Yes

Property Features

Utilities: Cable Connected; Cable Connected Appliances: Dishwasher; Electric Range Connection; Microwave; Refrigerator; Water Heater Construction Materials: Brick Cooling: Central Air Door Features: Door Screen(s) Electric: Circuit Breakers Flooring: Carpet Foundation Details: Crawl Space Heating: Electric; Forced Air Income Includes: Laundry Lease Term Options: Month To Month; 9 Months Listing Terms: Cash; Conventional Owner Pays: Electricity; Insurance; Lawn Care; Sewer; Taxes; Trash Collection; Water Parking Features: Asphalt; Driveway; Parking Lot Possession: Close Of Escrow; Subject To Tenant Rights Roof: Shingle Sewer: Sanitary Sewer Special Listing Conditions: Corporate Owned Tenant Pays: Electricity Water Heater: Electric Water Source: Public Window Features: Screens

Listing Office: RE/MAX Preferred Associates

Last Updated: October - 14 - 2025

Broker Attribution: 419-283-7003