1125 W Sylvania Avenue, Toledo, OH 43612
$585,000
Property Type:
Residential Income
Square Footage:
13,792
Lot Size (sq. ft.):
8,324
Status:
Closed
Current Price:
$585,000
List Date:
5/17/2024
Last Modified:
10/14/2025
Overview
Description
Listing Details MLS# 6115316
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Status Change Timestamp
- 2024-10-01
- Purchase Contract Date
- 2024-10-01
- Close Date
- 2024-10-01
- Close Price
- 585000
- Buyer Financing
- Conventional
Address
- Street Number
- 1125
- Street Direction Prefix
- W
- Street Name
- Sylvania
- Street Suffix
- Avenue
- County
- Lucas
- State
- OH
- Postal Code
- 43612
- Postal Code +4
- 1703
- Directions
- Sylvania & Drexel.
- Parcel Number
- 04-09761
Contract
- Named Exceptions YN
- No
- Original List Price
- 599900
- Listing Contract Date
- 2024-05-17
- Listing Agreement
- Exclusive Right To Sell
- Listing Service
- Full Service
- List Price/SqFt
- 42.42
- Sold Price/SqFt
- 42.42
Tax Legal
- Subdivision Name
- Weissenberger Addn.
Interior
- Living Area
- 13792
- Basement YN
- Yes
- Basement SqFt
- 0
More Information
Parking Information
- Carport YN
- No
- Parking Total
- 13
Building
- Year Built
- 1927
- Stories Total
- 3
Lot
- Lot Size Acres
- 0.1911
- Lot Size Square Feet
- 8324
- Lot Size Dimensions
- 8,323
Remarks
- Public Historical Remarks
- Tenant Expense: Cable/Satellite, Lease Information: Vacant, Equipment: Range Oven, Occupied By: TENANT
- Public Remarks
- Cash-flowing property w/ ZERO real estate TAXES. This mix-use investment property offers a unique opportunity with 3 commercial units and 9 residential units. Take advantage of the CRA tax abatement granted to this property and let the absence of real estate taxes significantly boost your net income, enhancing the property's overall return on investment. Conveniently located next to all major highways, ProMedica Toledo Hospital, Jeep Assembly Plant, Dana Toledo, Driveline and much more. 3-car & 2-car garage w/ additional lot provide for ample amount of parking. Two parcels included in sale.
Income and Expenses
- Gross Scheduled Income
- 81600
- Net Operating Income
- 64200
- Operating Expense
- 17400
- Total Actual Rent
- 8200
Unit One
- Unit Type Description
- Residential
- Unit Type Beds Total
- 2
- Unit Type Number of Full Baths
- Yes
- Unit Type Actual Rent
- 6100
Unit Two
- Unit Type Description
- Commercial
- Unit Type Actual Rent
- 2100
Tax & Legal
- School District
- Toledo
- Elementary/Primary School
- Whittier
- High School
- Start
- 6 Months General Tax
- 0
- 6 Months Special Assessment Tax
- 0
- 6 Months Total Tax
- 0
- Auction YN
- No
Association/Community
- Number Of Buildings
- 2
- Number Of Units Total
- 12
Appliances
- Refrigerator
- Yes
- Water Heater
- Yes
Basement
- Full
- Yes
Construction Materials
- Brick
- Yes
Cooling
- None
- Yes
Disclosures
- Lead Based Paint Disclosure
- Yes
- Property Disclosure
- Yes
Heating
- Boiler
- Yes
- Natural Gas
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Corner Lot
- Yes
Parking Features
- Detached Garage
- Yes
- Driveway
- Yes
- Parking Lot
- Yes
- Side By Side
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Flat
- Yes
Sewer
- Sanitary Sewer
- Yes
Water Heater
- Gas
- Yes
Water Source
- Public
- Yes
Lease Term Options
- Month To Month
- Yes
Owner Pays
- Gas
- Yes
- Water
- Yes
Tenant Pays
- Electricity
- Yes
Property Features
Appliances:
Refrigerator; Water Heater
Basement:
Full
Construction Materials:
Brick
Cooling:
None
Disclosures:
Lead Based Paint Disclosure; Property Disclosure
Heating:
Boiler; Natural Gas
Lease Term Options:
Month To Month
Listing Terms:
Cash; Conventional
Lot Features:
Corner Lot
Owner Pays:
Gas; Water
Parking Features:
Detached Garage; Driveway; Parking Lot; Side By Side
Possession:
Close Of Escrow; Subject To Tenant Rights
Roof:
Flat
Sewer:
Sanitary Sewer
Tenant Pays:
Electricity
Water Heater:
Gas
Water Source:
Public
Listing Office:
Key Realty LTD
Last Updated: October - 14 - 2025
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