, Toledo, OH 43612 (MLS# 6032522)

Toledo, OH 43612

$640,000

Virtual Tour

https://www.propertypanorama.com/instaview/toledo/6032522

Property Type: Residential Income Square Footage: 16,530 Lot Size (sq. ft.): 44,179 Status: Closed

Current Price: $640,000 List Date: 10/24/2018 Last Modified: 10/14/2025

Overview

Description

Well run, all brick, 20-unit apartment building. Consisting of 14 townhouses, 4 two-bedroom ranch, and 2 one-bedroom ranch units. 2 of the 3 roofs have been replaced within the last 2 years. The parking lot was torn out and re-laid approximately 8 years ago. over half of the hot-water tanks and furnaces have been replaced within the last 5 years.

Listing Details MLS# 6032522

Listing Information

Property Sub Type: Apartment

Status Change Information

Price Change Timestamp: 2018-10-25T18:51:39Z
Status Change Timestamp: 2019-04-05
Purchase Contract Date: 2019-03-29
Close Date: 2019-04-05
Close Price: 640000
Buyer Financing: Conventional

Address

County: Lucas
State: OH
Postal Code: 43612
Postal Code +4: 2509
Directions: On Bennett Road, between Laskey and Eleanor.
Parcel Number: 18-20031

Contract

Named Exceptions YN: No
Original List Price: 735000
Listing Contract Date: 2018-10-24
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 38.72
Sold Price/SqFt: 38.72

Tax Legal

Subdivision Name: None

Interior

Living Area: 16530
Living Area Source: Public Records
Basement SqFt: 0

More Information

Parking Information

Carport YN: No
Parking Total: 30

Building

Year Built: 1966
Stories Total: 2

Lot

Lot Size Acres: 1.0142
Lot Size Square Feet: 44179
Lot Size Dimensions: 44,180

Remarks

Public Historical Remarks: Tenant Expense: Heat, Cable/Satellite, Lease Information: Leased, Equipment: Range Oven, Occupied By: TENANT
Public Remarks: Well run, all brick, 20-unit apartment building. Consisting of 14 townhouses, 4 two-bedroom ranch, and 2 one-bedroom ranch units. 2 of the 3 roofs have been replaced within the last 2 years. The parking lot was torn out and re-laid approximately 8 years ago. over half of the hot-water tanks and furnaces have been replaced within the last 5 years.

Income and Expenses

Gross Scheduled Income: 67953
Net Operating Income: 25119
Operating Expense: 42834
Total Actual Rent: 10258

Unit Details

Number Of Units Leased: 20

Unit One

Unit Type Description: Bldg. 1
Unit Type Beds Total: Yes
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 875
Number of Identical Units Leased: 2

Unit Two

Unit Type Description: Bldg. 2
Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 7432
Number of Identical Units Leased: 14

Unit Three

Unit Type Description: Bldg. 3
Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 1951
Number of Identical Units Leased: 4

Showing Information

Showing Instructions: Contact Kevin Welch. Call or text 419-345-6389

Tax & Legal

School District: Toledo
Elementary/Primary School: Other
High School: Start
6 Months General Tax: 8437.66
6 Months Special Assessment Tax: 220.35
6 Months Total Tax: 8658.01
Auction YN: No

Association/Community

Number Of Buildings: 3
Number Of Units Total: 20

Appliances

Refrigerator: Yes
Water Heater: Yes

Construction Materials

Aluminum Siding: Yes
Brick: Yes
Steel Siding: Yes

Cooling

None: Yes

Disclosures

Lead Based Paint Disclosure: Yes

Door Features

Door Screen(s): Yes

Electric

Circuit Breakers: Yes

Flooring

Carpet: Yes
Wood: Yes

Foundation Details

Crawl Space: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Asphalt: Yes
Driveway: Yes
Parking Lot: 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

Window Features

Screens: Yes

Lease Term Options

Month To Month: 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

Property Features

Appliances: Refrigerator; Water Heater Construction Materials: Aluminum Siding; Brick; Steel Siding Cooling: None Disclosures: Lead Based Paint Disclosure Door Features: Door Screen(s) Electric: Circuit Breakers Flooring: Carpet; Wood Foundation Details: Crawl Space Heating: Forced Air; Natural Gas Lease Term Options: Month To Month; 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: Close Of Escrow; Subject To Tenant Rights Roof: Shingle Sewer: Sanitary Sewer Tenant Pays: Electricity; Gas Water Heater: Gas Water Source: Public Window Features: Screens

Listing Office: RE/MAX Preferred Associates

Last Updated: October - 14 - 2025

Broker Attribution: 419-283-7003