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3958 Airport Highway, Toledo, OH 43615

$1,300,000
Property Type: Residential Income Square Footage: 33,600 Lot Size (sq. ft.): 110,006 Status: Closed
Current Price: $1,300,000 List Date: 2/01/2017 Last Modified: 10/14/2025

Overview

Description

Exceptional investment opportunity. 3 brick buildings. 56 studio apartments and tenants pay their own electric and it is an all electric building. great cash flow. Rent ranges from $390 to $425 per month. Extra lot .45 acres for future development is included. 1/2 taxes on 2nd parcel are $303.81 per half.

Listing Details MLS# 6002363

Listing Information

Property Sub Type
Apartment

Status Change Information

Price Change Timestamp
2017-02-01T14:22:00Z
Status Change Timestamp
2017-06-15
Purchase Contract Date
2017-06-15
Close Date
2017-06-15
Close Price
1300000
Buyer Financing
Conventional

Address

Street Number
3958
Street Name
Airport
Street Suffix
Highway
County
Lucas
State
OH
Postal Code
43615
Directions
Just West of Bryne Road.
Parcel Number
20-95877

Contract

Named Exceptions YN
No
Original List Price
1600000
Listing Contract Date
2017-02-01
Listing Agreement
Exclusive Right To Sell
Listing Service
Full Service
List Price/SqFt
38.69
Sold Price/SqFt
38.69

Tax Legal

Subdivision Name
Vine Gardens

Interior

Living Area
33600
Living Area Source
Public Records
Basement SqFt
0

More Information

Parking Information

Carport YN
No
Parking Total
56

Building

Year Built
1995
Stories Total
2

Lot

Lot Size Acres
2.5254
Lot Size Square Feet
110006
Lot Size Dimensions
110,005

Remarks

Public Historical Remarks
Tenant Expense: Heat, Cable/Satellite, Lease Information: Leased, Miscellaneous: Common Entry,, Equipment: Range Oven, Occupied By: TENANT
Public Remarks
Exceptional investment opportunity. 3 brick buildings. 56 studio apartments and tenants pay their own electric and it is an all electric building. great cash flow. Rent ranges from $390 to $425 per month. Extra lot .45 acres for future development is included. 1/2 taxes on 2nd parcel are $303.81 per half.

Unit One

Unit Type Description
Studio
Unit Type Beds Total
Yes
Unit Type Number of Full Baths
Yes
Appliances Included
Yes
Furnished
Furnished

Showing Information

Showing Instructions
Through Listing Agent.

Tax & Legal

School District
Toledo
Elementary/Primary School
Other
High School
Rogers
6 Months General Tax
14171.25
6 Months Special Assessment Tax
775.92
6 Months Total Tax
14947.17
Zoning
10-CR
Auction YN
No

Association/Community

Number Of Buildings
3
Number Of Units Total
56

Utilities

Cable Connected
Yes

Appliances

Electric Range Connection
Yes
Refrigerator
Yes
Water Heater
Yes

Construction Materials

Brick
Yes

Cooling

Wall Unit(s)
Yes

Disclosures

Lead Based Paint Disclosure
Yes

Electric

Circuit Breakers
Yes

Flooring

Carpet
Yes

Foundation Details

Slab
Yes

Heating

Electric
Yes
Radiator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Other
Yes

Parking Features

Asphalt
Yes
Driveway
Yes
Parking Lot
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Shingle
Yes

Sewer

Sanitary Sewer
Yes

Water Heater

Electric
Yes

Water Source

Public
Yes

Income and Expenses

Net Operating Income
0
Total Actual Rent
0

Lease Term Options

Month To Month
Yes

Owner Pays

Insurance
Yes
Lawn Care
Yes
Sewer
Yes
Snow Removal
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Electricity
Yes

Property Features

Utilities: Cable Connected; Cable Connected Appliances: Electric Range Connection; Refrigerator; Water Heater Construction Materials: Brick Cooling: Wall Unit(s) Disclosures: Lead Based Paint Disclosure Electric: Circuit Breakers Flooring: Carpet Foundation Details: Slab Heating: Electric; Radiator Lease Term Options: Month To Month Listing Terms: Cash; Conventional Lot Features: Other Owner Pays: Insurance; Lawn Care; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: Asphalt; Driveway; Parking Lot Possession: Subject To Tenant Rights Roof: Shingle Sewer: Sanitary Sewer Tenant Pays: Electricity Water Heater: Electric Water Source: Public
Listing Office: RE/MAX Central Group Inc
Last Updated: October - 14 - 2025
Copyright 2025 NORIS. All rights reserved. Information deemed reliable but not guaranteed.

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