1202-8 Nevada St - Apartments FOR SALE


Toledo, OH 43605- East Toledo
$299,000 USD
732-757-6393
1202-8 Nevada St, Toledo, OH for Sale
$299,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1202-8 Nevada St
Toledo, OH 43605
East Toledo


OVERVIEW

Position your portfolio for consistent cash flow with this fully occupied six-unit multifamily investment located in the heart of East Toledo. The property offers immediate in-place income with stabilized occupancy, making it an attractive opportunity for investors seeking dependable cash flow today while maintaining upside through future rent optimization. The property consists of six residential units totaling approximately 6,900 SF, situated on a corner lot with tenant-paid gas and electric, helping reduce landlord operating expenses. The asset has continued to generate reliable rental income and provides investors with the opportunity to improve returns through strategic management and gradual rent increases as leases renew. Located minutes from Downtown Toledo, I-280, major employers, and the Port of Toledo, the property benefits from strong workforce housing demand and excellent accessibility. East Toledo continues to attract investors seeking affordable multifamily assets with long-term appreciation potential. Whether you're completing a 1031 exchange, adding to an existing Midwest portfolio, or acquiring your first stabilized multifamily asset, 1202-1208 Nevada Street offers immediate income with future upside.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$34 USD /SF

# OF UNITS

8

PRICE/UNIT

$37,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1897

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RD6

APN/PARCEL ID

09-65467,09-65474

ASK ABOUT THIS PROPERTY

Ian MaurerMVFM Capital LLCMore Info
732-757-6393

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Ian MaurerMVFM Capital LLCMore Info
732-757-6393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.