Medical College Apartments

Multi-Family for Sale
Catylist Listing ID: 30348559
Property Subtypes: Low-Rise/Garden
Number of Units: 24 Units
Building Size (RSF): 22,680 SF
Gross Building Area: See Agent
Sale Price: $974,900
Unit Price: $40,620.83 Per Unit
Property Use Type: Investment
Building Name: MEDICAL COLLEGE APARTMENTS
Sale Terms: Cash to Seller
Cap Rate: 10.1%
Last Updated: 2/7/2019

Overview / Comments

Three 8-unit buildings. 24 - 2 bed/1bath units. Updated mechanicals. Numerous upgrades to units and common areas. Tenants pay all utilities except water. Newer roof and windows. 23 car ports. 1 maintenance garage. Significant repairs and capital improvements in 2018. 50 % of the units had new appliances installed in 2018.

Additional Details

Nearest MSA: Toledo
County: Lucas
Tax ID/APN: 20-01508 & 20-01509
Zoning: MIXED
Property Located Between: Airport Highway & Byrne
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 2
Year Built: 1968
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Exterior Walls: Brick Structural System: Brick & wood truss Roof: Asphalt shingles – gable style Floors: Wood Floor Coverings: Carpet & tile
Parking Type: Surface
Parking Description: Carport & lot
Laundry: Shared
Sprinklers: Other
Heat Source: Baseboard, Radiant
Fuel: Gas, Other
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,024 106,710 255,606
Median Age: 36.12 36.34 36.82
Households: 4,208 45,157 107,175
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