This investment property offers a unique opportunity to acquire a mixed-use asset in Monclova Township, OH, featuring a commercial building, an eight-unit apartment building, and a single-family residence. Situated on a 1.27-acre parcel at the signalized intersection of Maumee Western Road (20A) and Eber Road, the property benefits from strong visibility and convenient access to major transportation routes, including I-475 and the Ohio Turnpike.
The commercial building, currently leased to Ed’s Barbeque & Brew, includes a full kitchen and bar setup, making it an income-generating asset from day one. The eight-unit apartment building consists of a mix of furnished and unfurnished units, with utilities and cable included in rent, and operates on month-to-month leases, providing flexibility for future repositioning. The single-family home offers additional rental income and features a fenced yard, garage, and updated windows and doors.
Recent capital improvements include new asphalt shingle roofs on all buildings, upgraded electrical panels, and new water tanks, ensuring reduced maintenance costs for the new owner. With a gross scheduled rental income of $85,500 and a net operating income of approximately $58,532, this property presents a solid return potential for investors seeking a diversified income stream in a growing market.