950 Valerian Court, Toledo, OH 43615 (MLS# 6097225)

950 Valerian Court, Toledo, OH 43615

$3,321,000

Virtual Tour

https://www.propertypanorama.com/instaview/toledo/6097225

Property Type: Residential Income Square Footage: 1,432 Lot Size (sq. ft.): 8,433 Status: Closed

Current Price: $3,321,000 List Date: 1/20/2023 Last Modified: 10/14/2025

Overview

Description

Don't miss out on this great investment opportunity: 41 Single Family 3&4 bedroom rental units- sold as a group, 100% occupied w/long-term tenants. Consisting of 10 Market Rate Units & 31 Tax Credit Units that are subject to Restrictive Covenant w/the Ohio Housing Finance Agency (OHFA), as amended, which expires 03/29/2034. Additionally 24 of the units are occupied by Voucher Holders administered through the Lucas Metropolitan Housing Authority. Also includes 3 vacant lots. These homes are in high demand for rental or resale located near Swan Creek Metro Park, shopping, restaurants & eways.

Listing Details MLS# 6097225

Listing Information

Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2023-04-19
Purchase Contract Date: 2023-04-10
Close Date: 2023-04-19
Close Price: 3321000
Buyer Financing: Conventional

Address

Street Number: 950
Street Name: Valerian
Street Suffix: Court
County: Lucas
State: OH
Postal Code: 43615
Postal Code +4: 9253
Directions: Off Airport west of Wenz
Parcel Number: 02-71937

Contract

Named Exceptions YN: No
Original List Price: 3423500
Listing Contract Date: 2023-01-20
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 2319.13
Sold Price/SqFt: 2319.13

Interior

Living Area: 1432
Living Area Source: Public Records
Basement SqFt: 0

Parking Information

Carport YN: No
Parking Total: 41

More Information

Building

Year Built: 2003
Stories Total: 2

Lot

Lot Size Acres: 0.1936
Lot Size Square Feet: 8433
Lot Size Dimensions: 8,390

Remarks

Public Historical Remarks: Tenant Expense: Cable/Satellite, Lease Information: Leased, Equipment: Range Oven, Occupied By: TENANT
Public Remarks: Don't miss out on this great investment opportunity: 41 Single Family 3&4 bedroom rental units- sold as a group, 100% occupied w/long-term tenants. Consisting of 10 Market Rate Units & 31 Tax Credit Units that are subject to Restrictive Covenant w/the Ohio Housing Finance Agency (OHFA), as amended, which expires 03/29/2034. Additionally 24 of the units are occupied by Voucher Holders administered through the Lucas Metropolitan Housing Authority. Also includes 3 vacant lots. These homes are in high demand for rental or resale located near Swan Creek Metro Park, shopping, restaurants & eways.

Income and Expenses

Gross Scheduled Income: 471492
Net Operating Income: 369886
Operating Expense: 101606
Total Actual Rent: 0

Unit Details

Number Of Units Leased: 41

Unit One

Unit Type Description: Unit 1
Unit Type Beds Total: 4
Unit Type Number of Full Baths: 2
Unit Type Number of Half Baths: Yes
SqFt per Unit: 1432
Appliances Included: Yes
Furnished: Unfurnished
Number of Identical Units Leased: 25

Unit Two

Unit Type Description: Unit 2
Unit Type Beds Total: 3
Unit Type Number of Full Baths: Yes
Unit Type Number of Half Baths: Yes
SqFt per Unit: 1209
Appliances Included: Yes
Furnished: Unfurnished
Number of Identical Units Leased: 16

Showing Information

Showing Instructions: Upon an accepted offer

Tax & Legal

School District: Toledo
Elementary/Primary School: Keyser
High School: Rogers
6 Months General Tax: 33583
6 Months Special Assessment Tax: 0
6 Months Total Tax: 33583
Tax Lot: Yes
Auction YN: No

Association/Community

Number Of Buildings: 41
Number Of Units Total: 41

Utilities

Cable Connected: Yes

Appliances

Dishwasher: Yes
Electric Range Connection: Yes
Refrigerator: Yes
Water Heater: Yes

Construction Materials

Vinyl Siding: Yes
Wood Siding: Yes

Cooling

Central Air: Yes

Disclosures

Property Disclosure: Yes

Electric

Circuit Breakers: Yes

Flooring

Carpet: Yes

Foundation Details

Slab: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Laundry Features

Electric Dryer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes
Cul-De-Sac: Yes

Parking Features

Asphalt: Yes
Attached Garage: Yes
Driveway: Yes
Garage Door Opener: Yes

Possession

Close Of Escrow: Yes

Roof

Shingle: Yes

Sewer

Sanitary Sewer: Yes
Storm Sewer: Yes

Special Listing Conditions

Corporate Owned: Yes

Water Heater

Gas: Yes

Water Source

Public: Yes

Lease Term Options

Month To Month: Yes
3 Months: Yes

Owner Pays

Exterior Maintenance: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Water: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Lawn Care: Yes
Snow Removal: Yes

Property Features

Utilities: Cable Connected; Cable Connected Appliances: Dishwasher; Electric Range Connection; Refrigerator; Water Heater Construction Materials: Vinyl Siding; Wood Siding Cooling: Central Air Disclosures: Property Disclosure Electric: Circuit Breakers Flooring: Carpet Foundation Details: Slab Heating: Forced Air; Natural Gas Laundry Features: Electric Dryer Hookup Lease Term Options: Month To Month; 3 Months Listing Terms: Cash; Conventional Lot Features: Corner Lot; Cul-De-Sac Owner Pays: Exterior Maintenance; Repairs; Sewer; Taxes; Water Parking Features: Asphalt; Attached Garage; Driveway; Garage Door Opener Possession: Close Of Escrow Roof: Shingle Sewer: Sanitary Sewer; Storm Sewer Special Listing Conditions: Corporate Owned Tenant Pays: Electricity; Gas; Lawn Care; Snow Removal Water Heater: Gas Water Source: Public

Listing Office: Howard Hanna

Last Updated: October - 14 - 2025

Broker Attribution: 419-535-0011