2228 rockspring rd. - loopnet · 2019-12-17 · 2228 rockspring road, toledo, oh 43614 apartment...
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LOW – RISE APARTMENTS
2228 ROCKSPRING RD.TOLEDO, OHIO 43614
APARTMENT BUILDING FOR SALE4 Unit Building
KEENAN FIELDS(419) 249 [email protected]
KEN MARCINIAK, SIOR(419) 249 [email protected]
SIGNATURE ASSOCIATESFour SeaGate, Suite 608
Toledo, Ohio 43604www.signatureassociates.com
Information is subject to verification and no liability for errors or omissions is assumed. Price is subject to change and listing withdrawal.
For more information, please contact:
FULL-SERVICE COMMERCIAL REAL ESTATE
GENERAL INFORMATION
Sale Price: $225,000 ($56,250 per unit)
Number of Units: 4
Building Size/GBA: 5,275 SF – 2 Story
Year Constructed: 1971 updates in 2016
Condition: Good
Lot Size: 81’ x 143’ – 0.249 AC (10,880 SF)
County: Lucas
Zoning: RD-6
Parking: 6 surface spaces
Curb Cuts: 1
2228 Rockspring Road, Toledo, OH 43614Apartment Building For Sale
4 UnitBuilding
AVAILABLE
KEENAN FIELDS(419) 249 [email protected]
KEN MARCINIAK, SIOR(419) 249 [email protected]
SIGNATURE ASSOCIATESFour SeaGate, Suite 608
Toledo, Ohio 43604www.signatureassociates.com
Information is subject to verification and no liability for errors or omissions is assumed. Price is subject to change and listing withdrawal.
For more information, please contact:
BUILDING SPECIFICATIONS
Exterior Walls: Masonry
Structural System: Block & wood frame
Roof: Shingle – newer
Floors: Wood
Floor Coverings: Laminate & carpet
Basement: Yes – 1,045 SF±
Heating: GFA – newer units
Air Conditioning: Central
Power: 150 amps
Hot Water Tank: Gas – 40 gallon
Recent Major Maintenance:
Unit B & C - total renovation equaling $17,000.
Recently added new windows.
2018 REAL ESTATE TAXES
TD: 07
Parcel Number: 70661
Assessor Number: 06319148
Total Taxes: $6,139.76
APARTMENT INFORMATION
• Landlord owns all of the washers and dryers located in the basement.
• Storage lockers in basement for each unit.
LEASE INFORMATION
UnitUnit
TypeSq. Ft.
Market
Rent
Current
Rent
Rent
Per SF
Lease
Term
Move In
Date
A 2 Bdrm./1 Bath 1,045 $700 Vacant ------ Vacant -------
B2 Bdrm./2 Bath
(updated unit)1,045 $750 $725 $0.69 1 year 10/2018
C2 Bdrm./2 Bath
(updated unit)1,070 $750 $725 $0.68 1 year 03/2019
D 2 Bdrm./1 Bath 1,070 $700 $665 $0.62 MTM 07/2015
Total:$2,900/mo. Projected
$2,115/mo.
Current
2228 Rockspring Road, Toledo, OH 43614Apartment Building For Sale
4 UnitBuilding
AVAILABLE
KEENAN FIELDS(419) 249 [email protected]
KEN MARCINIAK, SIOR(419) 249 [email protected]
SIGNATURE ASSOCIATESFour SeaGate, Suite 608
Toledo, Ohio 43604www.signatureassociates.com
Information is subject to verification and no liability for errors or omissions is assumed. Price is subject to change and listing withdrawal.
For more information, please contact:
Projected Proforma
Gross Scheduled Rental Income: (Market rent)
$2,900 per month
Total Annual Scheduled Rental Income: $34,800
Less: Vacancy and Credit Loss (4% gross) (Estimated Submarket) $1,392
Gross Operating Income: $33,408
Less: Operating Expenses
Property Insurance - 2018 $1,739
Real Estate Taxes / Assessments - 2018 $6,140
Repairs and Maintenance $1,500
Lawncare and snow removal - 2018 $2,018
Trash Removal – City of Toledo $-------
Utilities:
Electric – Common area/avg. $62 per month $744
Gas service – tenants responsible $-------
Sewer and Water/avg. $750 per quarter $3,000
Total Operating Expenses: $15,141
New Operating Income: $18,267
* 2230 – 2236 Rockspring Road, 4-unit townhouse, is also available for sale.
2228 Rockspring Road, Toledo, OH 43614Apartment Building For Sale
4 UnitBuilding
AVAILABLE
KEENAN FIELDS(419) 249 [email protected]
KEN MARCINIAK, SIOR(419) 249 [email protected]
SIGNATURE ASSOCIATESFour SeaGate, Suite 608
Toledo, Ohio 43604www.signatureassociates.com
Information is subject to verification and no liability for errors or omissions is assumed. Price is subject to change and listing withdrawal.
For more information, please contact:
Aerial Map