4044 W Bancroft St - Apartments FOR SALE


Toledo, OH 43606
$875,000 USD
419-276-1236
4044 W Bancroft St, Toledo, OH for Sale
$875,000 USD
Apartments - FOR SALE
1/32
null | 8.32% Cap Rate

4044 W Bancroft St
Toledo, OH 43606


HIGHLIGHTS

  • Resident designated, covered parking spaces with remote door openers
  • In suite washer/dryer hookups or designated basement level hookups with additional resident storage space
  • Front and rear building access, with elevator service to all floors as well as interior mail delivery/service
  • Controlled building access system

OVERVIEW

Rare opportunity to acquire an exceptional 8-suite apartment building in the highly sought-after Village of Ottawa Hills. Suite mix consists of six spacious two-bedroom, two-and-a-half-bath suites, one two-bedroom, two-bath suite, and one two-bedroom, one-bath suite, offering broad appeal to a variety of resident profiles. Prominently positioned along West Bancroft Street providing connectivity to Downtown Toledo, The University of Toledo, major medical employment hubs, and surrounding retail and lifestyle amenities. Its premier location within the Ottawa Hills trade area supports strong and stable long-term tenant demand from residents seeking an upscale living environment with immediate access to daily conveniences, key employment centers, and major regional transportation corridors

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

8

PRICE/UNIT

$109,375

CAP RATE

8.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

12-B3

APN/PARCEL ID

88-07867

ASK ABOUT THIS PROPERTY

419-276-1236

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419-276-1236

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