Beal Properties LLC
Listed by Beal Properties LLC
$1,200,000
5311 North Detroit
Details
APN 2253351
Property Type Multifamily
Square Footage 13,464
Units 35
Beds 1
NOI $131,257
Occupancy 100%
Tenancy Multi
Rent Bumps No
Class C
Year Built 1970
Year Renovated 2024, 2025
Buildings 1
Zoning CR - Regional Commercial
Parking Spaces 36 spaces
Parking Per SqFt 2.67
Investment Type Stabilized
Ceiling Height 8'
Multifamily | 24 Units
Marketing description
Conveniently located close to downtown Toledo, and with access to multiple major freeways and employment centers. Plenty of room for cars in the parking lot. See attached Permitted Use Schedule. Contact us for additional information.
Investment highlights
- 24 Units; All 1 Bed/1 Bath
- No Interior Common Areas
- Close to 2 Freeways (I-75 and I-280)
- 14 Minutes from the University of Toledo
- 8 Minutes from Chrysler Assembly Plant
- Year Built 1970
- In-Place NOI: $131,257
Listing Contacts
Beal Properties LLC
Listed by Beal Properties LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,257.00
$10,938.08/mo
Valuation Metrics
0
DSCR
10.94%
Cap Rate
10.94%
ROI
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