$825,000
$940,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
2410 Nebraska Avenue Toledo, OH 43607
5 Acres Lot
Key Details
Sold Price $825,000
Property Type Commercial
Sub Type Other Com
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220018014
Sold Date 01/20/22
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1948
Annual Tax Amount $8,252
Lot Size 5.000 Acres
Lot Dimensions 5.0
Property Sub-Type Other Com
Property Description
Great opportunity! 60 Unit Mobile home park near The University of Toledo. Streamlined expenses running a monthly average around 5900. With a current occupancy rate just under 50%, and monthly NOI around 6900, the cap rate is around 8.8%, with plenty of room for growth and profit.
Rents have not been raised in years and can immediately be brought up to market value. Most trailers are tenant owned limiting owner liability.
Property also has 3 apartments and an office building with an onsite laundry room.
Location
State OH
County Lucas
Area 5.0
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 18-05317
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION