Active For Sale Multifamily

5311 N Detroit Ave

5311 N Detroit Ave, Toledo, OH, 43612

ID 2c002528

Overview

Positioned in a stable Toledo rental corridor, this 24-unit multifamily asset presents a compelling value-add opportunity with in-place cash flow and operational upside. The property benefits from a uniform unit mix, efficient layout, and partially implemented utility reimbursements, making it an ideal acquisition for investors seeking scalable returns with manageable complexity. The asset’s uniform floor plans and centralized layout create operational efficiency and streamline both leasing and renovations. This structure provides predictable expenses with built-in reimbursement mechanisms, offering immediate margin improvement potential.

Additional Information

City
Toledo
State
OH
Zip Code
43612
Primary Uses
Multifamily
Zoning
CR
Zoning Description
Regional Commercial
Building Class
C
Floors
2
Year Built
1,970
Parking Ratio
1.5
Parking Spaces
35
Minimum Ceiling Height
8
Total Units
24
Laundry
Shared
Average Occupancy Rate
96%