336 Batavia St - Apartments FOR SALE


Toledo, OH 43620- Olde Towne
$499,000 USD
419-249-7070
336 Batavia St, Toledo, OH for Sale
$499,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

336 Batavia St
Toledo, OH 43620
Olde Towne


HIGHLIGHTS

  • 12 one-bedroom units with potential for a 13th efficiency unit.
  • Numerous updates including HVAC, water heaters, and electrical systems.
  • Separate gas and electric meters for each unit, enhancing operational efficiency.
  • Coin-operated laundry on-site managed by a third-party vendor.
  • Located near Old West End and Downtown Toledo with convenient access to major streets.
  • Current gross monthly rental income of approximately $7,500 with upside potential.

OVERVIEW

The Claravon Building at 336 Batavia Street presents a 12-unit apartment building with a potential 13th efficiency unit, located near Toledo’s Old West End and Downtown. Built in 1924, this three-story brick structure sits on a 0.23-acre lot and offers a mix of historic character and modern updates. The property features a rubber membrane roof, updated electrical panels (100 amps), separate gas and electric meters for each unit, and a basement with mechanical systems and laundry facilities. The building comprises twelve one-bedroom, one-bath units, with numerous updates including HVAC, water heaters, cosmetic improvements, and appliances. Current gross rental income is approximately $7,500 per month, with upside potential as rents remain below market. Additional amenities include coin-operated laundry (via third-party vendor) and fire suppression in the basement. Situated in a multi-family zoning district (10-RM 36), the property benefits from proximity to major roadways, employment centers, and cultural attractions. With a strong rental base and opportunities for value-add improvements, this asset offers investors a stable income stream and long-term growth potential in a well-established neighborhood.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$44 USD /SF

# OF UNITS

12

PRICE/UNIT

$41,583

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

10-RM36

APN/PARCEL ID

10-07347

ASK ABOUT THIS PROPERTY

Zack LiberSignature AssociatesMore Info
419-249-7070

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Zack LiberSignature AssociatesMore Info
419-249-7070

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