5409 W Alexis Road, Sylvania, OH 43560 (MLS# 6135649)

5409 W Alexis Road, Sylvania, OH 43560

$825,500

Virtual Tour

https://www.propertypanorama.com/instaview/toledo/6135649

Property Type: Residential Income Square Footage: 7,440 Lot Size (sq. ft.): 19,166 Status: Closed

Current Price: $825,500 List Date: 9/12/2025 Last Modified: 12/16/2025

Overview

Description

Outstanding investment opportunity! This well-maintained 8-unit apartment complex is ideally located on W Alexis Road in Sylvania, offering excellent visibility and convenient access to shopping, dining, and major highways. These 2 bedroom townhouse units include: 1.5 baths, 1 washer and 1 dryer per unit, through the wall air conditioners and covered entrance doors. The exteriors are maintenance free with newer roofs, vinyl replacement windows, and all brick and vinyl/aluminum soffits and trim.

Listing Details MLS# 6135649

Listing Information

Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2025-12-16
Purchase Contract Date: 2025-12-12
Close Date: 2025-12-12
Close Price: 825500
Buyer Financing: Conventional

Address

Street Number: 5409
Street Direction Prefix: W
Street Name: Alexis Road
County: Lucas
Township: Sylvania
State: OH
Postal Code: 43560
Directions: Corner of W. Alexis and Burgess
Parcel Number: 82-83162

Contract

Named Exceptions YN: No
Original List Price: 800000
Listing Contract Date: 2025-09-12
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 107.53
Sold Price/SqFt: 110.95

Tax Legal

Subdivision Name: None

Interior

Living Area: 7440
Basement YN: No
Basement SqFt: 0

More Information

Parking Information

Garage YN: No
Carport YN: No
Parking Total: 16

Building

New Construction YN: No
Year Built: 1980
Stories Total: 2
Accessibility Features YN: No

Lot

Lot Size Acres: 0.44
Lot Size Square Feet: 19166
Lot Size Dimensions: 118 x 162
Pool Private YN: No
Waterfront YN: No
Water Body Access YN: No

Remarks

Public Historical Remarks: Tenant Expense: Cable/Satellite, Lot Description: Trees,, Equipment: Range Oven, Occupied By: TENANT
Public Remarks: Outstanding investment opportunity! This well-maintained 8-unit apartment complex is ideally located on W Alexis Road in Sylvania, offering excellent visibility and convenient access to shopping, dining, and major highways. These 2 bedroom townhouse units include: 1.5 baths, 1 washer and 1 dryer per unit, through the wall air conditioners and covered entrance doors. The exteriors are maintenance free with newer roofs, vinyl replacement windows, and all brick and vinyl/aluminum soffits and trim.
Interior/Exterior - Video/Audio Equipment: No

Income and Expenses

Gross Scheduled Income: 87180
Net Operating Income: 45937
Operating Expense: 41243
Total Actual Rent: 7715

Unit Details

Number Of Units Leased: 7

Unit One

Unit Type Description: Unit 1
Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
Unit Type Number of Half Baths: Yes
SqFt per Unit: 930
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 7715
Number of Identical Units Leased: 7

Tax & Legal

School District: Sylvania
Elementary/Primary School: Hill View
Junior High School: Other
Middle School: Other
High School: Northview
6 Months General Tax: 7958.05
6 Months Special Assessment Tax: 133.75
6 Months Total Tax: 8091.8
Tax Year: 2025
Auction YN: No

Association/Community

Number Of Buildings: 2
Number Of Units Total: 8

Appliances

Refrigerator: Yes
Water Heater: Yes

Construction Materials

Brick: Yes
Vinyl Siding: Yes

Cooling

Wall Unit(s): Yes

Door Features

Door Screen(s): Yes

Electric

Circuit Breakers: Yes

Exterior Features

Private Entrance: Yes

Flooring

Carpet: Yes

Foundation Details

Crawl Space: Yes

Heating

Electric: Yes
Natural Gas: Yes
Radiant: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes

Parking Features

Asphalt: Yes
Driveway: Yes
Parking Lot: Yes

Possession

Subject To Tenant Rights: Yes

Road Surface Type

Paved: Yes

Roof

Shingle: Yes

Sewer

Sanitary Sewer: Yes

Water Heater

Electric: Yes

Water Source

Public: Yes

Window Features

Screens: 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
Inspection: Yes

Property Features

Appliances: Refrigerator; Water Heater Construction Materials: Brick; Vinyl Siding Cooling: Wall Unit(s) Door Features: Door Screen(s) Electric: Circuit Breakers Exterior Features: Private Entrance Flooring: Carpet Foundation Details: Crawl Space Heating: Electric; Natural Gas; Radiant Lease Term Options: Month To Month; 3 Months; 12 Months Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: Insurance; Lawn Care; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: Asphalt; Driveway; Parking Lot Possession: Subject To Tenant Rights Road Surface Type: Paved Roof: Shingle Sewer: Sanitary Sewer Tenant Pays: Electricity; Gas Water Heater: Electric Water Source: Public Window Features: Screens Contingencies: Financing; Inspection

Listing Office: RE/MAX Preferred Associates

Last Updated: December - 16 - 2025

Broker Attribution: 419-262-6315