4337 Hill Ave - Apartments FOR SALE


Toledo, OH 43607- Scott Park
$799,999 USD
321-442-6893
4337 Hill Ave, Toledo, OH for Sale
$799,999 USD
Apartments - FOR SALE
1/14
null | 7.14% Cap Rate

4337 Hill Ave
Toledo, OH 43607
Scott Park


OVERVIEW

Excellent investment opportunity to acquire a 14-unit multifamily property at 4337 Hill Ave in Toledo, Ohio. The property has undergone significant recent capital improvements, including renovations to 10 of the 14 units and a new roof completed in 2026, providing a strong foundation for continued stabilization and long-term ownership. The property offers approximately $116,328 in annual gross potential rental income based on current scheduled rental rates. The estimated stabilized pro forma NOI is approximately $57,132, incorporating a 5% vacancy allowance and current owner-provided operating expenses, including property taxes, property management, insurance, and water. The property offers additional upside through the lease-up and stabilization of currently vacant units. Recent renovations and major capital improvements provide an incoming investor with the opportunity to increase occupancy and maximize rental performance while benefiting from reduced near-term capital improvement requirements. Financial metrics presented are based on stabilized pro forma operations and are not represented as historical actual performance. Historical financial statements, current rent roll, and additional property information are available to qualified buyers for independent underwriting and due diligence. Please do not disturb tenants. Proof of funds or evidence of financing may be required prior to the release of detailed financial information and property tours.

FOR SALE DETAILS

PRICE

$799,999 USD

PRICE/SF

$111 USD /SF

# OF UNITS

14

PRICE/UNIT

$57,143

CAP RATE

7.14%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hill Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CR

APN/PARCEL ID

20-05314

ASK ABOUT THIS PROPERTY

Javonny VegaWeAcquire, LLCMore Info
321-442-6893

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Javonny VegaWeAcquire, LLCMore Info
321-442-6893

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