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Multifamily

Arlington Apartments

2010 Arlington Ave, Toledo, OH 43609

Listing Price: $1,190,000

Cap Rate
6.21%
Number of Units
24
GRM
6.32
Occupancy
75.0%
Price/Unit
$49,583
Price/Gross SF
$90.15
Gross SF
13,200

Investment Overview

Marcus & Millichap is proud to present the Arlington Arms Apartments located at 2010 Arlington Ave Toledo, OH 43609. The property has 24 units that consist of all one bedroom-one bathroom units at roughly 550 square feet in size. Current ownership pays for gas and water while the tenants pay for their own electric usage.

The property has been through some recent renovations including but not limited to: new hardwood style flooring, new appliances, new boilers, new water heaters, new windows and an improved digital lock system.

The property is located roughly five minutes away from the University of Toledo Campus, the University of Toledo Medical center and various dining spots. The area is home to great amenities like golf courses and premier shopping at Southland Plaza and Toledo Commons.

Investment Highlights

  • Value Add
  • Below Market Rents
  • New Boilers, Water Heaters and Windows at the Property

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Multifamily

Arlington Apartments

Listing Price: $1,190,000

Cap Rate
6.21%
Number of Units
24
GRM
6.32
Occupancy
75.0%
Price/Unit
$49,583
Price/Gross SF
$90.15
Gross SF
13,200

Investment Highlights

  • Value Add
  • Below Market Rents
  • New Boilers, Water Heaters and Windows at the Property

Investment Overview

Marcus & Millichap is proud to present the Arlington Arms Apartments located at 2010 Arlington Ave Toledo, OH 43609. The property has 24 units that consist of all one bedroom-one bathroom units at roughly 550 square feet in size. Current ownership pays for gas and water while the tenants pay for their own electric usage. The property has been through some recent renovations including but not limited to: new hardwood style flooring, new appliances, new boilers, new water heaters, new windows and an improved digital lock system. The property is located roughly five minutes away from the University of Toledo Campus, the University of Toledo Medical center and various dining spots. The area is home to great amenities like golf courses and premier shopping at Southland Plaza and Toledo Commons.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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