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Shaun & Megan Richardson

shaun.richardson@exprealty.com +1(419) 302-9343

Listed by Keith M. Degnan Key Realty

$ 239,900

Est. payment | -/mo

8 Beds

9,304 SqFt

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$ 239,900

Est. payment | -/mo

Save Virtual Tour

8 Beds

9,304 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 9,304 sqft

Price per Sqft $25

MLS Listing ID 10004680

Bedrooms 8

Year Built 1900

Tax Year 2025

Property Sub-Type Apartment

Source Northwest Ohio Real Estate Information Service (NORIS)

Property Description

Excellent investment opportunity with this five-unit apartment building offering strong income and upside potential. Next month, the building will be fully rented bringing in $3,750 per month! Additional income from on-site coin laundry is not included in the current figures, providing even more revenue potential. Most tenants are long term, and all units have been remodeled in recent years, minimizing immediate capital expenses. The parking lot has been recently redone and offers ample space for residents and guests. Approximately 6,200 of the 9,300 square feet is finished, leaving significant opportunity to expand—potentially converting the remaining space to create a 6-8 unit building. A solid, income-producing property with tremendous value-add potential! Vacant unit is available for showings and other units available with an accepted offer.

Location

State OH

County Lucas

Rooms

Basement Block

Dining Room No

Kitchen No

Interior

Interior Features Entrance Foyer

Heating Electric, Radiant

Cooling Window Unit(s)

Flooring Carpet, Vinyl

Equipment Yes

Appliance Water Heater

Laundry Common Area, In Basement, Coin Laundry

Exterior

Exterior Feature Awning(s)

Parking Features Parking Lot

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage No

Building

Lot Description Other

Story 3

Foundation Block

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Level or Stories Two and One Half

Schools

Elementary Schools Riverside

Middle Schools None

High Schools Woodward

School District Toledo

Others

Tax ID 14-29224

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/toledo/10004680

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Shaun & Megan Richardson

REALTOR® | Lic# 2016001186 | Lic# 2024004146

shaun.richardson@exprealty.com

+1(419) 302-9343

545 Metro Pl S, Dublin, OH, 43017

1951 N Summit ST Toledo, OH 43611

Shaun & Megan Richardson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

1951 N Summit ST