Toledo Portfolio – INCOME PROPERTY ORGANIZATION

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Toledo Portfolio

Available: $1,365,000

4910 Lewis Ave, Toledo, OH 43612 &
1599-1501 Pennelwood Dr, Toledo, OH 43614
Property Type: Multifamily
Number of Units: 26
Price Per Unit: $52,500
Average Square Feet: 529
Debt Service Coverage: 1.32
Cash Flow: $23,702
Year One ROI: 5.79%

Listing Agents: A.J. Beachum, J.D. &
Bryan Linton

Location

EXECUTIVE SUMMARY:

The Lewis Avenue community boasts 8 one-bedroom / one-bath apartment homes, each measuring 496 square feet, five two-bedroom / one-bath units (724 square feet) and one 350 square foot studio unit.

The Pennelwood Apartments consist of 12 one-bedroom / one-bath apartment homes, each measuring 484 square feet.

The Lewis Avenue property was built in 1968 and Pennelwood in 1955, both properties have been well maintained over the years with mature trees and landscaping. The complex has maintained outstanding historical occupancy in recent years, requiring only minimal management oversight from ownership.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, Esq.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio