2144 W Sylvania Ave - Apartments FOR SALE


Toledo, OH 43613- DeVeaux
$1,485,000 USD
419-277-7636
2144 W Sylvania Ave, Toledo, OH for Sale
$1,485,000 USD
Apartments - FOR SALE
1/6
null | 7.45% Cap Rate

2144 W Sylvania Ave
Toledo, OH 43613
DeVeaux


OVERVIEW

LeParc Apartments is a 27-unit brick building featuring 26 one-bedroom units and 1 efficiency (approx. 634 SF each). The property includes off-street parking, separately metered electric, stoves and refrigerators, and on-site laundry facilities. Roof and gas boiler were replaced in 2013. Since 2021, ownership has invested over $113,000 in capital improvements, including unit renovations, new appliances, updated flooring and carpeting, HVAC replacements, roof and siding upgrades, and other enhancements.

FOR SALE DETAILS

PRICE

$1,485,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

27

PRICE/UNIT

$55,000

CAP RATE

7.45%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LeParc Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,832 SF

ZONING

10-RM36

APN/PARCEL ID

07-25991,07-25997,07-26004

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.