FULL CASH OUT, VALUE ADD OPPORTUNITY IN THE TOLEDO AREA
Value-Add 5-Unit Multifamily | Immediate Cash Flow | Renovation & NOI Upside
Marketing description
2618 Collingwood Blvd presents an opportunity to acquire a 5-unit multifamily investment property in Toledo, Ohio, offering immediate income with substantial value-add potential. This historic apartment building provides investors with the ability to increase net operating income through strategic unit renovations, operational improvements, and rent optimization while benefiting from consistent demand for workforce housing in the Toledo market.
Situated on approximately 0.31 acres in a centrally located neighborhood, the property offers convenient access to Downtown Toledo, major employers, healthcare facilities, higher education institutions, public transportation, and retail amenities. Its location continues to support strong tenant demand and long-term rental stability.
Whether you're seeking to expand an existing multifamily portfolio or acquire your next value-add investment, 2618 Collingwood Blvd offers multiple exit strategies, including long-term hold, refinance after stabilization, or resale following improvements. With immediate cash flow, upside through increased NOI, and an attractive basis relative to replacement cost, this asset represents a compelling opportunity for both experienced and first-time multifamily investors.
Contact the listing team today to request the Offering Memorandum, current rent roll, financials, and to schedule a private property tour.
Investment highlights
5-Unit Multifamily Investment – Historic apartment building consisting of five residential units situated on approximately 0.31 acres in Toledo's established rental market.
Immediate In-Place Income – Property is currently producing rental income, allowing investors to generate cash flow while executing a value-add strategy.
Significant Value-Add Opportunity – Opportunity to increase NOI through lease-up, unit renovations, operational improvements, and bringing rents closer to market levels. Ideal for investors seeking forced appreciation.
Large Historic Asset – Approximately 8,475 SF with spacious unit layouts offering multiple avenues to increase long-term value.
Strong Rental Market Fundamentals – Toledo continues to benefit from steady workforce housing demand, providing investors with a deep tenant pool and long-term rental stability.
Below Replacement Cost – Acquire a sizable multifamily asset at a basis difficult to replicate in today's construction environment, creating attractive long-term appreciation potential.
Excellent BRRRR / Cash-Out Refinance Potential – Investors can create equity through renovations and improved operations before refinancing into long-term debt.
Convenient Central Toledo Location – Minutes from Downtown Toledo, major employers, hospitals, universities, public transportation, and retail amenities, enhancing tenant appeal.
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