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2820-2846 Airport Hwy
Toledo, OH 43609

Clair Commons · Multifamily Property For Sale · 90 Units

INVESTMENT HIGHLIGHTS

  • Located in the Toledo metro area, which has a population of 650,000 and includes on-site laundry facilities, and has ample parking spaces.
  • Property was recently renovated and rented below-market rents, presenting a value-add opportunity.
  • Currently 82.22%-occupied with unit mix of (11)studios, (54) one-bedrooms, (25) two-bedroom units.
  • Major employers in the metro include The University of Toledo, Bowling Green State University, Owens Community College, ProMedica, and Mercy Health.

PROPERTY FACTS

No. Units 90
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 4.47 AC
Building Size 53,820 SF
Average Occupancy 96%
No. Stories 1
Year Built 1983
Parking Ratio 1.09/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • Refrigerator
  • Range

SITE AMENITIES

  • Laundry Facilities
  • Property Manager on Site
  • Grill
  • Wi-Fi
  • Maintenance on site

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 11 - -
1+1 54 - -
2+1 25 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-84626
  • 20-84558
Land Assessment
$99,225
Improvements Assessment
$515,060
Total Assessment
$614,285

ZONING

Zoning Code RM36 (Multi-Dwelling Residential - 36 Units Per Acre)
RM36 (Multi-Dwelling Residential - 36 Units Per Acre)
  • Listing ID: 22406748

  • Date on Market: 3/5/2021

  • Last Updated:

  • Address: 2820-2846 Airport Hwy, Toledo, OH 43609

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