5215 Secor Road, Toledo, OH 43623

$1,525,000

Virtual Tour

https://www.propertypanorama.com/instaview/toledo/6135651

Property Type: Residential Income Bedrooms: 4 Square Footage: 18,288 Lot Size (sq. ft.): 46,609 Status: Closed

Current Price: $1,525,000 List Date: 9/13/2025 Last Modified: 5/08/2026

Overview

Description

Terrific investment opportunity! This 22-unit apartment complex is located on highly visible Secor Rd., offering convenient access to shopping, dining, The University of Toledo and major highways. The property features a mix of 2 bedroom, 1 bathroom units. The exteriors are all brick, with newer roofs and vinyl replacement windows. This building also features a laundry room available for the tenants use and ample off street parking. HVAC in units 1-15 only.

Listing Details MLS# 6135651

Listing Information

Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2026-05-08
Purchase Contract Date: 2026-05-08
Close Date: 2026-05-08
Close Price: 1525000
Buyer Financing: Conventional

Address

Street Number: 5215
Street Name: Secor Road
County: Lucas
Township: Washington
State: OH
Postal Code: 43623
Directions: On Secor Rd., between Laskey and McGregor on the West side of the road.
Parcel Number: 23-36221

Contract

Named Exceptions YN: No
Original List Price: 1600000
Start Showing Date: 2025-09-24
Listing Contract Date: 2025-09-12
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 87.49
Sold Price/SqFt: 83.39

Tax Legal

Subdivision Name: None

Interior

Bedrooms Total: 4
Living Area: 18288
Basement YN: No
Basement SqFt: 0

More Information

Parking Information

Garage YN: No
Carport YN: No
Parking Total: 33

Building

New Construction YN: No
Year Built: 1965
Stories Total: 2
Accessibility Features YN: No

Lot

Lot Size Acres: 1.07
Lot Size Square Feet: 46609
Lot Size Dimensions: 101 x 466
Pool Private YN: No
Waterfront YN: No
Water Body Access YN: No

Remarks

Public Historical Remarks: Tenant Expense: Heat, Cable/Satellite, Equipment: Range Oven, Occupied By: TENANT
Public Remarks: Terrific investment opportunity! This 22-unit apartment complex is located on highly visible Secor Rd., offering convenient access to shopping, dining, The University of Toledo and major highways. The property features a mix of 2 bedroom, 1 bathroom units. The exteriors are all brick, with newer roofs and vinyl replacement windows. This building also features a laundry room available for the tenants use and ample off street parking. HVAC in units 1-15 only.
Interior/Exterior - Video/Audio Equipment: No

Income and Expenses

Gross Scheduled Income: 204066
Net Operating Income: 108579
Operating Expense: 95487
Total Actual Rent: 17985

Unit Details

Number Of Units Leased: 16

Unit One

Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 13885
Number of Identical Units Leased: 10

Unit Two

Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 4100
Number of Identical Units Leased: 6

Tax & Legal

School District: Washington Local
Elementary/Primary School: Other
Junior High School: Washington
Middle School: Jefferson
High School: Whitmer
6 Months General Tax: 16762.91
6 Months Special Assessment Tax: 195.14
6 Months Total Tax: 16958.05
Tax Year: 2025
Auction YN: No

Association/Community

Number Of Buildings: 4
Number Of Units Total: 22

Appliances

Refrigerator: Yes
Water Heater: Yes

Construction Materials

Aluminum Siding: Yes
Brick: Yes
Steel Siding: Yes

Cooling

Central Air: Yes
None: Yes

Disclosures

Lead Based Paint Disclosure: Yes

Electric

Circuit Breakers: Yes

Flooring

Carpet: Yes

Foundation Details

Crawl Space: Yes

Heating

Electric: Yes
Forced Air: Yes
Natural Gas: Yes
Radiant: Yes

Listing Terms

Cash: Yes
Conventional: 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
Gas: Yes

Water Source

Public: Yes

Lease Term Options

Month To Month: Yes
3 Months: Yes
12 Months: Yes

Owner Pays

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

Tenant Pays

Electricity: Yes
Gas: Yes

Contingencies

Financing: Yes

Property Features

Appliances: Refrigerator; Water Heater Construction Materials: Aluminum Siding; Brick; Steel Siding Cooling: Central Air; None Disclosures: Lead Based Paint Disclosure Electric: Circuit Breakers Flooring: Carpet Foundation Details: Crawl Space Heating: Electric; Forced Air; Natural Gas; Radiant Lease Term Options: Month To Month; 3 Months; 12 Months Listing Terms: Cash; Conventional 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; Gas Water Heater: Electric; Gas Water Source: Public Contingencies: Financing

Listing Office: RE/MAX Preferred Associates

Last Updated: May - 08 - 2026

Broker Attribution: 419-262-6315