Parking Information

Garage YN

Yes

Garage Spaces

8

Carport YN

No

Building

New Construction YN

No

Year Built

1943

Year Built Source

Public Records

Stories Total

3

Accessibility Features YN

No

Lot

Lot Size Acres

0.6031

Lot Size Square Feet

26270

Lot Size Dimensions

67 x Irregular

Pool Private YN

No

Waterfront YN

No

Water Body Access YN

No

Remarks

Public Remarks

Rare opportunity to acquire a fully occupied, stabilized 5-unit investment property overlooking the Meadow in the prestigious Village of Ottawa Hills. Immediate in-place income with future rental upside. See attached comprehensive Investment Summary for the current rent roll, operating expenses, pro forma financial analysis, and additional property information. This full brick apartment building, complemented by a matching full brick 8-car garage, offers four spacious 2-bedroom, 2-bath units plus a loft-style 1-bedroom, 1-bath unit. Extensively renovated by a respected local builder with the intent of preserving the building's original architectural character while thoughtfully incorporating modern improvements. Capital enhancements include newer roofs on both the building and garage, updated electrical systems, individual zoned heating and cooling for each unit, fully updated kitchens with quartz countertops, updated cabinetry and appliances, luxury vinyl plank flooring, and renovated bathrooms. The loft unit offers an attractive open-concept design with granite countertops, marble backsplash, and distinctive tile and marble finishes. Units 1-4 feature in-unit laundry and private enclosed porches. A full basement provides designated storage for each unit, a shared common area, and an additional washer and dryer serving the building. Tenants are responsible for electric, gas, and internet, contributing to an efficient operating structure. Located within the highly acclaimed Ottawa Hills Local School District—consistently ranked among Ohio's premier public school districts—and one of Northwest Ohio's most desirable and established communities, the property benefits from exceptional long-term tenant demand and the rarity of multifamily ownership opportunities within the Village. Conveniently located near the University of Toledo, major healthcare systems, Wildwood Metropark, Westgate Village, Costco, shopping, dining, and major expressways.

Interior/Exterior - Video/Audio Equipment

Yes

Deposits and Fee Amounts

Pet Deposit Amount

100

Security Deposit Amount

Yes

Income and Expenses

Cap Rate

4500

Gross Income

101460

Net Operating Income

52771

Operating Expense

48688.88

Total Actual Rent

106800

Pet Information

Pets Allowed YN

Yes

Maximum Pet Weight

35

Pets Comments

Tenants with pets are asked to pay additional fee per month.

Unit Details

Number Of Units Leased

5

Unit One

Unit Type Description

Spacious first-floor residence offering approximately 1,350± square feet. Features a renovated kitchen with quartz countertops, stainless steel appliances, and in-unit laundry. Hardwood flooring extends throughout much of the living space, complemented by updated lighting and neutral décor. Generous living and dining areas provide excellent flexibility for everyday living and entertaining. Two bedrooms and two full baths, including an updated primary bath. Enclosed heated porch adds valuable year-round living space and serves as an ideal sunroom, office, or sitting area. Dedicated garage parking included. Located within the heart of Ottawa Hills, convenient to schools, parks, shopping, hospitals, and major expressways.

Unit Type Beds Total

2

Unit Type Number of Full Baths

2

SqFt per Unit

1350

Appliances Included

Yes

Occupied YN

Yes

Unit Type Actual Rent

2000

Unit Two

Unit Type Description

Spacious first-floor residence offering approximately 1,350± square feet. Features a renovated kitchen with quartz countertops, stainless steel appliances, and in-unit laundry. Hardwood flooring extends throughout much of the living space, complemented by updated lighting and neutral décor. Generous living and dining areas provide excellent flexibility for everyday living and entertaining. Two bedrooms and two full baths, including an updated primary bath. Enclosed heated porch adds valuable year-round living space and serves as an ideal sunroom, office, or sitting area. Dedicated garage parking included. Located within the heart of Ottawa Hills, convenient to schools, parks, shopping, hospitals, and major expressways.

Unit Type Beds Total

2

Unit Type Number of Full Baths

2

SqFt per Unit

1350

Appliances Included

Yes

Occupied YN

Yes

Unit Type Actual Rent

1900

Unit Three

Unit Type Description

Spacious first-floor residence offering approximately 1,350± square feet. Features a renovated kitchen with quartz countertops, stainless steel appliances, and in-unit laundry. Hardwood flooring extends throughout much of the living space, complemented by updated lighting and neutral décor. Generous living and dining areas provide excellent flexibility for everyday living and entertaining. Two bedrooms and two full baths, including an updated primary bath. Enclosed heated porch adds valuable year-round living space and serves as an ideal sunroom, office, or sitting area. Dedicated garage parking included. Located within the heart of Ottawa Hills, convenient to schools, parks, shopping, hospitals, and major expressways.

Unit Type Beds Total

2

Unit Type Number of Full Baths

2

SqFt per Unit

1350

Appliances Included

Yes

Occupied YN

Yes

Unit Type Actual Rent

2000

Unit Four

Unit Type Description

Spacious second-floor residence offering approximately 1,350± square feet. Features a renovated kitchen with quartz countertops, stainless steel appliances, and in-unit laundry. Hardwood flooring extends throughout much of the living space, complemented by updated lighting and neutral décor. Generous living and dining areas provide excellent flexibility for everyday living and entertaining. Two bedrooms and two full baths, including an updated primary bath. Enclosed heated porch adds valuable year-round living space and serves as an ideal sunroom, office, or sitting area. Dedicated garage parking included. Located within the heart of Ottawa Hills, convenient to schools, parks, shopping, hospitals, and major expressways.

Unit Type Beds Total

2

Unit Type Number of Full Baths

2

SqFt per Unit

1350

Appliances Included

Yes

Occupied YN

Yes

Unit Type Actual Rent

1800

Unit Five

Unit Type Description

Approximately 1,000 SF one-bedroom, one-bath loft-style apartment featuring an updated kitchen with quartz countertops and stainless-steel appliances, spacious living and dining areas, generous bedroom, updated bath, and abundant natural light. Distinctive layout and character differentiate the unit from traditional apartment offerings and support strong tenant demand.

Unit Type Beds Total

Yes

Unit Type Number of Full Baths

Yes

SqFt per Unit

1000

Appliances Included

Yes

Occupied YN

Yes

Unit Type Actual Rent

1200

Showing Information

Showing Instructions

Please contact Kelly Longthorne at 419-806-5161. Property is fully tenant occupied. Please do not disturb tenants. Seller requests prospective purchasers review the attached Investment Summary, rent roll, operating information, and supporting financial documents prior to submitting an offer. Interior showings and inspections will be scheduled following mutual acceptance of a purchase agreement, in accordance with the terms of the contract.

Tax & Legal

School District

Ottawa Hills

Elementary/Primary School

Ottawa Hills

Junior High School

Ottawa Hills

Middle School

None

High School

Ottawa Hills

6 Months General Tax

7774.78

6 Months Special Assessment Tax

78.02

6 Months Total Tax

7852.8

Tax Year

2025

Homestead Exempt YN

No

Additional Parcels YN

No

Zoning

Residential

Auction YN

No

Association/Community

Number Of Buildings

1

Number Of Units Total

5

Utilities

Cable Available

Yes

Electricity Available

Yes

Internet Available

Yes

Natural Gas Available

Yes

Sewer Connected

Yes

Water Connected

Yes

WiFi Available

Yes

Appliances

Dishwasher

Yes

Disposal

Yes

Dryer

Yes

Electric Oven

Yes

Electric Range

Yes

Exhaust Fan

Yes

Microwave

Yes

Refrigerator

Yes

Washer

Yes

Washer/Dryer Stacked

Yes

Water Heater

Yes

Other

Yes

Attic Features

Finished

Yes

Walk-In Attic

Yes

Other

Yes

Basement

Full

Yes

Walk-Out Access

Yes

Community Features

Sidewalks

Yes

Construction Materials

Brick

Yes

Cooling

Ceiling Fan(s)

Yes

Central Air

Yes

Zoned

Yes

Disclosures

Lead Based Paint Disclosure

Yes

Property Disclosure

Yes

Door Features

French Doors

Yes

Electric

Circuit Breakers

Yes

Exterior Features

Other

Yes

Flooring

Concrete

Yes

Luxury Vinyl

Yes

Tile

Yes

Other

Yes

Foundation Details

Block

Yes

Other

Yes

Heating

Forced Air

Yes

Natural Gas

Yes

Zoned

Yes

Interior Features

Built-in Features

Yes

Entrance Foyer

Yes

Open Floorplan

Yes

Separate Shower

Yes

Storage

Yes

Walk-In Closet(s)

Yes

Other

Yes

Laundry Features

In Basement

Yes

In Unit

Yes

See Remarks

Yes

Levels

Quad-Level

Yes

Listing Terms

1031 Exchange

Yes

Cash

Yes

Conventional

Yes

Location of Property

Neighborhood

Yes

Lot Features

Irregular Lot

Yes

Other

Yes

Other Structures

Garage(s)

Yes

Outdoor Living Spaces Features

Rear Patio

Yes

Parking Features

Additional Parking

Yes

Assigned

Yes

Detached Garage

Yes

Driveway

Yes

Garage Door Opener

Yes

Pets Allowed

Call

Yes

Size Limit

Yes

Possession

Close Of Escrow

Yes

Roof

Shingle

Yes

Security Features

Keyless Entry

Yes

Sewer

Sanitary Sewer

Yes

Structure Type

Other

Yes

Quadruplex

Yes

View

See Remarks

Yes

Water Body View

No

Yes

Water Heater

Gas

Yes

Water Source

Public

Yes

Window Features

Bay Window(s)

Yes

Window Treatments

Yes

Income Includes

Laundry

Yes

Parking

Yes

Storage

Yes

Lease Term Options

12 Months

Yes

Renewal Option

Yes

Move In Costs

Pet Deposit

Yes

Security Deposit

Yes

Owner Pays

Insurance

Yes

Lawn Care

Yes

Management

Yes

Roof Maintenance

Yes

Snow Removal

Yes

Taxes

Yes

Trash Collection

Yes

Water

Yes

Tenant Pays

Cable TV

Yes

Electricity

Yes

Gas

Yes

Internet

Yes

Unit One Appliances and Equipment

Dishwasher

Yes

Disposal

Yes

Garage Door Opener

Yes

Microwave

Yes

Oven

Yes

Range

Yes

Refrigerator

Yes

Unit Two Appliances and Equipment

Dishwasher

Yes

Disposal

Yes

Garage Door Opener

Yes

Microwave

Yes

Oven

Yes

Range

Yes

Refrigerator

Yes

Smoke Detector

Yes

Unit Three Appliances and Equipment

Dishwasher

Yes

Disposal

Yes

Garage Door Opener

Yes

Microwave

Yes

Oven

Yes

Range

Yes

Refrigerator

Yes

Smoke Detector

Yes

Unit Four Appliances and Equipment

Dishwasher

Yes

Disposal

Yes

Garage Door Opener

Yes

Microwave

Yes

Oven

Yes

Range

Yes

Refrigerator

Yes

Smoke Detector

Yes

Unit Five Appliances and Equipment

Dishwasher

Yes

Disposal

Yes

Garage Door Opener

Yes

Microwave

Yes

Oven

Yes

Range

Yes

Refrigerator

Yes

Smoke Detector

Yes

Showing Requirements

Call Listing Agent

Yes

See Remarks

Yes

Property Features