248-350-9500
5943 Walnut Cir E18, Toledo, OH for Sale
Apartments - FOR SALE
1/34
null | Request Cap Rate

5943 Walnut Cir E18
Toledo, OH 43615
Reynolds Corners


HIGHLIGHTS

  • Significant Value Add Upside – 55 Unrenovated Units
  • Oversized In-Demand Floorplans
  • Impressive Rental Income Growth w/ 95% YTD Occupancy
  • Exceptional Momentum – 4% Avg Recent Lease Trade-Outs
  • Rents $133 Below Average Competitor
  • Over $140K in NOI Upside

OVERVIEW

Walnut Woods is comprised of 99 condo units located in Toledo, Ohio, offering excellent access to the area’s major employment centers, including the University of Toledo, Amazon, Mercy Health, and ProMedica. Adjacent to the Airport Hwy and Spring Meadows commercial corridor, one of the region’s primary retail thoroughfares, the property is just minutes from numerous retail and entertainment destinations. Well maintained and presenting a mid-state reposition, Walnut Woods is primed for a new owner to achieve tremendous returns by continuing the proven value add program. The asset features spacious, in-demand floorplans, providing built-in protection from new supply threats. Additional upside exists through the potential acquisition of the remaining 19 condo units and dissolution of the HOA. With impressive property performance, rents well below surrounding competitors, and attractive fundamentals, Walnut Woods presents an outstanding opportunity for a new owner to achieve tremendous upside. Walnut Woods is available free and clear.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

99

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Woods Apartments & Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

138

LAND DETAILS

LAND ACRES

9.69 AC

LAND SF

422,096 SF

ZONING

RS12

APN/PARCEL ID

26-71200,26-71201,26-71204,26-71211

ASK ABOUT THIS PROPERTY

248-350-9500

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

248-350-9500

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