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5440 Heatherdowns Boulevard, Toledo, OH 43614

$973,500
Property Type: Residential Income Square Footage: 27,540 Lot Size (sq. ft.): 70,044 Status: Closed
Current Price: $973,500 List Date: 10/26/2014 Last Modified: 10/14/2025

Overview

Description

28 Unit Apartment Auction on Thursday, December 11, 2014 at 4:00 pm. Income generating at $174,460 annually, 24 fully leased, well maintained, professionally managed, and 32 garage spaces. A money maker selling only at auction off site at 3430 Briarfield Blvd, Maumee, OH 43537.

Listing Details MLS# 5080215

Listing Information

Property Sub Type
Apartment

Status Change Information

Status Change Timestamp
2015-02-03
Purchase Contract Date
2014-12-11
Close Date
2015-02-03
Close Price
973500
Buyer Financing
Conventional

Address

Street Number
5440
Street Name
Heatherdowns
Street Suffix
Boulevard
County
Lucas
State
OH
Postal Code
43614
Postal Code +4
4662
Directions
Reynolds Road to west on Heatherdowns Boulevard.
Parcel Number
07-70477 and 07-70464

Contract

Named Exceptions YN
No
Start Showing Date
2014-10-29
Listing Contract Date
2014-10-25
Listing Agreement
Exclusive Right To Sell
Listing Service
Full Service
List Price/SqFt
35.35
Sold Price/SqFt
35.35

Tax Legal

Subdivision Name
Hawthorne Hills

Interior

Living Area
27540
Living Area Source
Public Records
Basement YN
Yes
Basement SqFt
0

More Information

Parking Information

Carport YN
No
Parking Total
40

Building

Year Built
1971
Stories Total
2

Lot

Lot Size Acres
1.608
Lot Size Square Feet
70044
Lot Size Dimensions
400 x 175

Remarks

Public Historical Remarks
Owner Expense: Heat, Tenant Expense: Cable/Satellite, Lease Information: Leased, Equipment: Range Oven, Occupied By: TENANT
Public Remarks
28 Unit Apartment Auction on Thursday, December 11, 2014 at 4:00 pm. Income generating at $174,460 annually, 24 fully leased, well maintained, professionally managed, and 32 garage spaces. A money maker selling only at auction off site at 3430 Briarfield Blvd, Maumee, OH 43537.

Auction Details

Auction Date
2014-12-11

Income and Expenses

Gross Scheduled Income
178000
Net Operating Income
108649
Operating Expense
69351
Total Actual Rent
14840

Unit Details

Number Of Units Leased
24

Unit One

Unit Type Description
5416
Appliances Included
Yes
Furnished
Unfurnished
Unit Type Actual Rent
7990
Number of Identical Units Leased
13

Unit Two

Unit Type Description
5440
Appliances Included
Yes
Furnished
Unfurnished
Unit Type Actual Rent
6850
Number of Identical Units Leased
11

Showing Information

Showing Instructions
All Calls to Roger Turner at 419-215-6596.

Tax & Legal

School District
Toledo
Elementary/Primary School
Glendale - Feilbach
High School
Bowsher
6 Months General Tax
13818.42
6 Months Special Assessment Tax
617.37
6 Months Total Tax
14435.79
Auction YN
Yes

Association/Community

Number Of Buildings
2
Number Of Units Total
28

Appliances

Dryer
Yes
Refrigerator
Yes
Washer
Yes
Water Heater
Yes

Basement

Full
Yes

Construction Materials

Aluminum Siding
Yes
Brick
Yes
Steel Siding
Yes

Cooling

Wall Unit(s)
Yes

Heating

Natural Gas
Yes
Radiant
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Asphalt
Yes
Driveway
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
Yes

Roof

Shingle
Yes

Sewer

Sanitary Sewer
Yes

Water Heater

Gas
Yes

Water Source

Public
Yes

Lease Term Options

Month To Month
Yes

Owner Pays

Insurance
Yes
Lawn Care
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Tenant Pays

Electricity
Yes

Property Features

Appliances: Dryer; Refrigerator; Washer; Water Heater Basement: Full Construction Materials: Aluminum Siding; Brick; Steel Siding Cooling: Wall Unit(s) Heating: Natural Gas; Radiant Lease Term Options: Month To Month Listing Terms: Cash; Conventional Owner Pays: Insurance; Lawn Care; Sewer; Taxes; Water Parking Features: Asphalt; Driveway Possession: Close Of Escrow; Subject To Tenant Rights Roof: Shingle Sewer: Sanitary Sewer Tenant Pays: Electricity Water Heater: Gas Water Source: Public
Listing Office: Pamela Rose Auction Company
Last Updated: October - 14 - 2025
Broker Attribution: 419-865-1224

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