1819 Garden Ridge Dr - Apartments FOR SALE


Toledo, OH 43614- Southwyck
$1,875,000 USD
419-277-7636
1819 Garden Ridge Dr, Toledo, OH for Sale
$1,875,000 USD
Apartments - FOR SALE
1/8
null | 9.54% Cap Rate

1819 Garden Ridge Dr
Toledo, OH 43614
Southwyck


OVERVIEW

32-unit apartment community in Toledo consisting of eight brick/wood buildings with a mix of one- and two-bedroom units (600–900 SF). Utilities are separately metered for gas and electric, with off-street parking and on-site laundry facilities. Since 2022, ownership has invested over $378,000 in upgrades including unit renovations, new appliances, flooring, HVAC replacements, and roof/siding improvements. A well-located property near Glendale and Eastgate offering strong rental demand and reduced future capital needs.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

32

PRICE/UNIT

$58,594

CAP RATE

9.54%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garden Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,271 SF

ZONING

-

APN/PARCEL ID

20-55625,20-55629,20-55632,20-55635,20-55639,20-55642

ASK ABOUT THIS PROPERTY

Bruce SmennerDanberry RealtorsMore Info
419-277-7636

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Bruce SmennerDanberry RealtorsMore Info
419-277-7636

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