2644 Whiteway Rd
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2644 Whiteway Rd
4 Unit Block of Flats £188,969 (£47,242/Unit) Toledo, OH 43606
Investment Highlights
- Well maintained 4 unit multifamily building
- Clean, dry basement with coin operated laundry or individual hookups
- One unit vacancy ready for updating and market rent
- Carport with 5 spaces
- Under market rents with short term remaining
- Close to University of Toledo, and Toledo Hospital
Executive Summary
Rare multifamily investment opportunity in West Toledo near the University of Toledo, Toledo Hospital and walking distance to Ottawa Park. All 4 units are 2 bed/1 bath with covered carport parking in the rear of the building. 3 units are leased at under market rent with month to month or short term leases. Immediate upside to lease 4th unit at market and phase in new leases. Well maintained, newer windows, 3 year old furnace, clean dry basement with coined laundry. Located in West Toledo within walking distance to Ottawa Park, close to Toledo Hospital and the University of Toledo. North off Kenwood one street East of Douglas.
Property Facts Under Contract
| Price | £188,969 | Building Class | C |
| Price Per Unit | £47,242 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 4,198 SF |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Apartment Style | Low Rise |
| Price | £188,969 |
| Price Per Unit | £47,242 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,198 SF |
| Number of Floors | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.19/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,180 |
PROPERTY TAXES
| Parcel Number | 16-18689 | Improvements Assessment | £37,770 |
| Land Assessment | £2,619 | Total Assessment | £40,389 |
PROPERTY TAXES
Parcel Number
16-18689
Land Assessment
£2,619
Improvements Assessment
£37,770
Total Assessment
£40,389
zoning
| Zoning Code | 10-RM36 (Multi-family residential district) |
| 10-RM36 (Multi-family residential district) |
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2644 Whiteway Rd
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