Viistula Gateway Apartments
Multifamily | 8 Units | $60,625/unit
Marketing description
DON'T MISS OUT ON THIS MONEY GRAB!! FULLY LEASED with a 10.76% CAP-RATE! PLUS a Great opportunity to Buy-In at the early stages of the NEW Gateway Vistula Project! This 8 unit apartment building has SIX beautifully updated units with NEW flooring throughout, NEW ceiling fans in all rooms of each unit, NEW kitchen counters, cabinets, sinks & fixtures, NEW bath fixtures, some units have new shower units, and FRESHLY painted from top to bottom, ceilings, walls & trims! NEW boiler 2024, NEW electric panel and sub panel, 2025. Each unit is equipped with a breaker box. Ideally located close to Toledo Pickle Ball Club, Toledo Spirits and the Future Riverfront Park along the Maumee River. Building is located in a historic district; the AREA is listed on the National Register of Historic Places since 1978.
Investment highlights
Eight unit apartment building, all single bedroom, coin laundry available, off street parking
Ideally located near downtown, Toledo Pickle Ball, Toledo Spirits, and Future Riverfront Park
Fully leased, minimal lease agreements 6 months, 4 leases have more than 12 months remaining
Zero tenants currently behind on rent
Six units are fully renovated, the two that aren’t are due to constant tenancy
New flooring, lighting, bathrooms, kitchens, full paint, ceiling fans in every room
Five of the six, new showers and fixtures installed
New cabinets, countertops, sinks, and kitchen fixtures
Painted top to bottom- ceilings, walls and all the trim including the cabinets
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